THE SECURITIES ACT OF 1933
|
☒ |
Pre-Effective Amendment No. | ☐ |
Post-Effective Amendment No. 217 | ☒ |
THE INVESTMENT COMPANY ACT OF 1940
|
☒ |
Amendment No. 235 | ☒ |
Christopher O. Petersen, Esq.
c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Boston, Massachusetts 02110 |
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Boston, Massachusetts 02110 |
Class
|
Ticker Symbol
|
|
A | REBAX | |
Advisor (Class Adv) | CEBSX | |
C | REBCX | |
Institutional (Class Inst) | CMBZX | |
Institutional 2 (Class Inst2) | CEBRX | |
Institutional 3 (Class Inst3) | CEBYX | |
R | CMBRX |
|
3 |
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3 |
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3 |
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4 |
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5 |
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10 |
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11 |
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12 |
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12 |
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12 |
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13 |
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13 |
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13 |
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14 |
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22 |
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26 |
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28 |
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29 |
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30 |
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30 |
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30 |
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37 |
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44 |
|
47 |
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50 |
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51 |
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51 |
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52 |
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56 |
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59 |
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64 |
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66 |
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69 |
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69 |
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70 |
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73 |
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A-1 |
2 | Prospectus 2021 |
(a) |
This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.
|
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
■ |
the Fund’s total annual operating expenses remain the same as shown in the
Annual Fund Operating Expenses
|
1 year
|
3 years
|
5 years
|
10 years
|
|
Class A
(whether or not shares are redeemed)
|
$582 | $808 | $1,052 | $1,752 |
Prospectus 2021 | 3 |
1 year
|
3 years
|
5 years
|
10 years
|
|
Class Adv
(whether or not shares are redeemed)
|
$
|
$271 |
$
|
$1,049 |
Class C
(assuming redemption of all shares at the end of the period)
|
$288 | $582 | $1,001 | $2,169 |
Class C
(assuming no redemption of shares)
|
$188 | $582 | $1,001 | $2,169 |
Class Inst
(whether or not shares are redeemed)
|
$
|
$271 |
$
|
$1,049 |
Class Inst2
(whether or not shares are redeemed)
|
$
|
$230 |
$
|
$
|
Class Inst3
(whether or not shares are redeemed)
|
$
|
$218 |
$
|
$
|
Class R
(whether or not shares are redeemed)
|
$137 | $428 |
$
|
$1,624 |
4 | Prospectus 2021 |
Prospectus 2021 | 5 |
6 | Prospectus 2021 |
Prospectus 2021 | 7 |
8 | Prospectus 2021 |
Prospectus 2021 | 9 |
10 | Prospectus 2021 |
Year by Year Total Return (%)
as of December 31 Each Year* |
Best and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best
|
3rd Quarter 2010
|
9.55%
|
Worst
|
2nd Quarter 2013
|
-6.74%
|
* |
Year to Date return
|
Share Class
Inception Date |
1 Year
|
5 Years
|
10 Years
|
|
Class A
|
02/16/2006 | |||
returns before taxes | 6.59% | 4.01% | 5.35% | |
returns after taxes on distributions | 5.15% | 2.41% | 3.42% | |
returns after taxes on distributions and sale of Fund shares | 3.91% | 2.37% | 3.36% | |
Class Adv
returns before taxes
|
03/19/2013 | 12.14% | 5.29% | 6.05% |
Class C
returns before taxes
|
02/16/2006 | 10.03% | 4.24% | 5.08% |
Class Inst
returns before taxes
|
09/27/2010 | 12.16% | 5.30% | 6.14% |
Class Inst2
returns before taxes
|
11/08/2012 | 12.18% | 5.45% | 6.18% |
Class Inst3
returns before taxes
|
11/08/2012 | 12.35% | 5.52% | 6.23% |
Class R
returns before taxes
|
11/16/2011 | 11.51% | 4.76% | 5.63% |
JPMorgan Emerging Markets Bond Index-Global
(reflects no deductions for fees, expenses or taxes)
|
14.42% | 5.88% | 6.57% |
Portfolio Manager
|
Title
|
Role with Fund
|
Managed Fund Since
|
|||
Adrian Hilton | Head of Global Rates and Emerging Markets Debt | Lead Portfolio Manager | October 2020 | |||
Christopher Cooke | Deputy Portfolio Manager | Portfolio Manager | 2017 |
Prospectus 2021 | 11 |
Online
|
Regular Mail
|
Express Mail
|
By Telephone
|
|||
columbiathreadneedleus.com/investor/ |
Columbia Management
Investment Services Corp. P.O. Box 219104 Kansas City, MO 64121-9104 |
Columbia Management
Investment Services Corp. c/o DST Asset Manager Solutions, Inc. 430 W 7
th
Street, Suite 219104
Kansas City, MO 64105-1407 |
800.422.3737 |
Class
|
Category of eligible account
|
For accounts other than
systematic investment plan accounts |
For systematic investment
plan accounts |
Classes A & C
|
All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes Adv & Inst
|
All eligible accounts |
$0, $1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Classes Inst2 & R
|
All eligible accounts | None | N/A |
Class Inst3
|
All eligible accounts |
$0, $1,000, $2,000
or $1 million depending upon the category of eligible investor |
$100 (for certain
eligible investors) |
12 | Prospectus 2021 |
■ | Analyzing the creditworthiness of emerging market countries; |
■ | Seeking to evaluate the best relative value opportunities among emerging market countries, by comparing sovereign debt spreads to fundamental creditworthiness and comparing the recent sovereign debt spread relationships among countries to historic relationships; and |
■ | Seeking to identify emerging markets bonds that can take advantage of attractive local interest rates and provide exposure to undervalued currencies. |
■ | The security is overvalued; |
Prospectus 2021 | 13 |
■ | The security has new credit risks; or |
■ | The security continues to meet the standards described above. |
14 | Prospectus 2021 |
■ |
A
forward foreign currency contract
is a derivative (forward contract) in which the underlying reference is a country's or region’s currency. The Fund may agree to buy or sell a country's or region’s currency at a specific price on a specific date in the future. These instruments may fall in value (sometimes dramatically) due to foreign market downswings or foreign currency value fluctuations, subjecting the Fund to foreign currency risk (the risk that Fund performance may be negatively impacted by foreign currency strength or weakness relative to the U.S. dollar, particularly if the Fund exposes a significant percentage of its assets to currencies other than the U.S. dollar). The effectiveness of any currency strategy by a Fund may be reduced by the Fund's inability to precisely match forward contract amounts and the value of securities involved. Forward foreign currency contracts used for hedging may also limit any potential gain that might result from an increase or decrease in the value of the currency.
|
Prospectus 2021 | 15 |
Unanticipated changes in the currency markets could result in reduced performance for the Fund. When the Fund converts its foreign currencies into U.S. dollars, it may incur currency conversion costs due to the spread between the prices at which it may buy and sell various currencies in the market. |
■ |
An
interest rate future
is a derivative that is an agreement whereby the buyer and seller agree to the future delivery of an interest-bearing instrument on a specific date at a pre-determined price. Examples include Treasury-bill futures, Treasury-bond futures and Eurodollar futures.
|
■ |
A
credit default swap
(including a swap on a credit default index, sometimes referred to as a credit default swap index) is a derivative and special type of swap where one party pays, in effect, an insurance premium through a stream of payments to another party in exchange for the right to receive a specified return upon the occurrence of a particular credit event by one or more third parties, such as bankruptcy, default or a similar event. A credit default swap may be embedded within a structured note or other derivative instrument. Credit default swaps enable an investor to buy or sell protection against such a credit event (such as an issuer’s bankruptcy, restructuring or failure to make timely payments of interest or principal). Credit default swap indices are indices that reflect the performance of a basket of credit default swaps and are subject to the same risks as credit default swaps. If such a default were to occur, any contractual remedies that the Fund may have may be subject to bankruptcy and insolvency laws, which could delay or limit the Fund's recovery. Thus, if the counterparty under a credit default swap defaults on its obligation to make payments thereunder, as a result of its bankruptcy or
|
16 | Prospectus 2021 |
otherwise, the Fund may lose such payments altogether, or collect only a portion thereof, which collection could involve costs or delays. The Fund’s return from investment in a credit default swap index may not match the return of the referenced index. Further, investment in a credit default swap index could result in losses if the referenced index does not perform as expected. Unexpected changes in the composition of the index may also affect performance of the credit default swap index. If a referenced index has a dramatic intraday move that causes a material decline in the Fund’s net assets, the terms of the Fund’s credit default swap index may permit the counterparty to immediately close out the transaction. In that event, the Fund may be unable to enter into another credit default swap index or otherwise achieve desired exposure, even if the referenced index reverses all or a portion of its intraday move. |
Prospectus 2021 | 17 |
18 | Prospectus 2021 |
Prospectus 2021 | 19 |
20 | Prospectus 2021 |
Prospectus 2021 | 21 |
22 | Prospectus 2021 |
Prospectus 2021 | 23 |
24 | Prospectus 2021 |
Prospectus 2021 | 25 |
Columbia Emerging Markets Bond Fund | |
Class Inst2 | 0.79% |
Class Inst3 | 0.76% |
Class R | 1.43% |
26 | Prospectus 2021 |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Adrian Hilton | Head of Global Rates and Emerging Markets Debt | Lead Portfolio Manager | October 2020 | |||
Christopher Cooke | Deputy Portfolio Manager | Portfolio Manager | 2017 |
Prospectus 2021 | 27 |
■ | compensation and other benefits received by the Investment Manager and other Ameriprise Financial affiliates related to the management/administration of a Columbia Fund and the sale of its shares; |
■ | the allocation of, and competition for, investment opportunities among the Fund, other funds and accounts advised/managed by the Investment Manager and other Ameriprise Financial affiliates, or Ameriprise Financial itself and its affiliates; |
■ | separate and potentially divergent management of a Columbia Fund and other funds and accounts advised/managed by the Investment Manager and other Ameriprise Financial affiliates; |
■ | regulatory and other investment restrictions on investment activities of the Investment Manager and other Ameriprise Financial affiliates and accounts advised/managed by them; |
28 | Prospectus 2021 |
■ | insurance and other relationships of Ameriprise Financial affiliates with companies and other entities in which a Columbia Fund invests; and |
■ | regulatory and other restrictions relating to the sharing of information between Ameriprise Financial and its affiliates, including the Investment Manager, and a Columbia Fund. |
Prospectus 2021 | 29 |
* | The website references in this prospectus are inactive links and information contained in or otherwise accessible through the referenced websites does not form a part of this prospectus. |
30 | Prospectus 2021 |
■ | The amount you plan to invest. |
■ | How long you intend to remain invested in the Fund. |
■ | The fees (e.g., sales charge or “load”) and expenses for each share class. |
■ | Whether you may be eligible for a reduction or waiver of sales charges when you buy or sell shares. |
■ | The net asset value (NAV) per share is the price of a share calculated by the Fund every business day. |
■ | The offering price per share is the NAV per share plus any front-end sales charge (or load) that applies. |
Prospectus 2021 | 31 |
Share Class |
Eligible Investors
(a)
;
Minimum Initial Investments
(b)
;
Conversion Features
(c)
|
Front-End
Sales Charges
(d)
|
Contingent Deferred
Sales Charges (CDSCs)
(d)
|
Sales Charge
Reductions/Waivers |
Maximum Distribution
and/or Service Fees
(e)
|
Class A |
Eligibility:
Available to the general public for investment
(f)
$2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts)
|
Taxable Funds:
5.75% maximum, declining to 0.00% on investments of $1 million or more
3.00% maximum, declining to 0.00% on investments of $500,000 or more
None for Columbia Government Money Market Fund and certain other Funds
(g)
|
Taxable Funds
(g)
:
CDSC on certain investments of between $1 million and $50 million redeemed within 18 months after purchase charged as follows:
• 1.00% CDSC if redeemed within 12 months after purchase, and
• 0.50% CDSC if redeemed more than 12, but less than 18, months after purchase
(g)
:
Maximum CDSC of 0.75% on certain investments of $500,000 or more redeemed within 12 months after purchase
|
Reductions
: Yes, see
Choosing a Share Class — Reductions/Waivers of Sales Charges – Class A and Class V Shares Front-End Sales Charge Reductions
: Yes, on Fund distribution reinvestments. For additional waivers, see
Choosing a Share Class — Reductions/Waivers of Sales Charges – Class A and Class V Shares Front-End Sales Charge Waivers
, as well as
Choosing a Share Class — CDSC Waivers – Class A, Class C and Class V
Financial intermediary-specific waivers are also available, see
Appendix A
|
Distribution and Service
Fees:
up to 0.25%
|
Class
Adv |
Eligibility:
Available only to (i) omnibus retirement plans, including self-directed brokerage accounts within omnibus retirement plans that clear through institutional no transaction fee (NTF) platforms; (ii) trust companies or
|
None | None | N/A | None |
32 | Prospectus 2021 |
Share Class |
Eligible Investors
(a)
;
Minimum Initial Investments
(b)
;
Conversion Features
(c)
|
Front-End
Sales Charges
(d)
|
Contingent Deferred
Sales Charges (CDSCs)
(d)
|
Sales Charge
Reductions/Waivers |
Maximum Distribution
and/or Service Fees
(e)
|
similar institutions; (iii) broker-dealers, banks, trust companies and similar institutions that clear Fund share transactions for their client or customer investment advisory or similar accounts through designated financial intermediaries and their mutual fund trading platforms that have been granted specific written authorization from the Transfer Agent with respect to Class Adv eligibility apart from selling, servicing or similar agreements; (iv) 501(c)(3) charitable organizations; (v) 529 plans; (vi) health savings accounts; (vii) investors participating in a fee-based advisory program sponsored by a financial intermediary or other entity that is not compensated by the Fund for those services, other than payments for shareholder servicing or sub-accounting performed in place of the Transfer Agent; and (viii) commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Adv shares within such platform.
(f)
Minimum Initial Investment:
None, except in the case of (viii) above, which is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts)
|
|||||
Class C |
Eligibility:
Available to the general public for investment
$2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts)
$499,999
(h)
, none for omnibus retirement plans
$999,999
(h)
; none for omnibus retirement plans
: Yes, Class C shares generally automatically convert to Class A shares of the same Fund in the month of or the month following the 10-year
|
None |
1.00% on certain investments redeemed within one year of purchase
(i)
|
Waivers
: Yes, on Fund distribution reinvestments. For additional waivers, see
Choosing a Share Class – CDSC Waivers – Class A, Class C and Class V
Financial intermediary-specific CDSC waivers are also available, see
Appendix A
|
Distribution Fee:
0.75%
0.25%
|
Prospectus 2021 | 33 |
Share Class |
Eligible Investors
(a)
;
Minimum Initial Investments
(b)
;
Conversion Features
(c)
|
Front-End
Sales Charges
(d)
|
Contingent Deferred
Sales Charges (CDSCs)
(d)
|
Sales Charge
Reductions/Waivers |
Maximum Distribution
and/or Service Fees
(e)
|
anniversary of the Class C shares purchase date.
(c)
|
|||||
Class
Inst |
Eligibility:
Available only to certain eligible investors, which are subject to different minimum investment requirements, ranging from $0 to $2,000, including investors who purchase Fund shares through commissionable brokerage platforms where the financial intermediary holds the shares in an omnibus account and, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Inst shares within such platform; closed to (i) accounts of financial intermediaries that clear Fund share transactions for their client or customer accounts through designated financial intermediaries and their mutual fund trading platforms that have been given specific written notice from the Transfer Agent of the termination of their eligibility for new purchases of Class Inst shares and (ii) omnibus group retirement plans, subject to certain exceptions
(f)(j)
See
Eligibility
above
|
None | None | N/A | None |
Class
Inst2 |
Eligibility:
Available only to (i) certain registered investment advisers and family offices that clear Fund share transactions for their client or customer accounts through designated financial intermediaries and their mutual fund trading platforms that have been granted specific written authorization from the Transfer Agent with respect to Class Inst2 eligibility apart from selling, servicing or similar agreements; (ii) omnibus retirement plans
(j)
; and (iii) institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Inst2 shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Inst2 shares within such platform.
None
|
None | None | N/A | None |
34 | Prospectus 2021 |
Share Class |
Eligible Investors
(a)
;
Minimum Initial Investments
(b)
;
Conversion Features
(c)
|
Front-End
Sales Charges
(d)
|
Contingent Deferred
Sales Charges (CDSCs)
(d)
|
Sales Charge
Reductions/Waivers |
Maximum Distribution
and/or Service Fees
(e)
|
Class
Inst3 |
Eligibility:
Available to (i) group retirement plans that maintain plan-level or omnibus accounts with the Fund
(j)
; (ii) institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Inst3 shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Inst3 shares within such platform; (iii) collective trust funds; (iv) affiliated or unaffiliated mutual funds (e.g., funds operating as funds-of-funds); (v) fee-based platforms of financial intermediaries (or the clearing intermediary they trade through) that have an agreement with the Distributor or an affiliate thereof that specifically authorizes the financial intermediary to offer and/or service Class Inst3 shares within such platform, provided also that Fund shares are held in an omnibus account; (vi) commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Inst3 shares within such platform and that Fund shares are held in an omnibus account; and (vii) bank trust departments, subject to an agreement with the Distributor that specifically authorizes offering Class Inst3 shares and provided that Fund shares are held in an omnibus account. In each case above where noted that Fund shares are required to be held in an omnibus account, the Distributor may, in its discretion, determine to waive this requirement.
(f)
No minimum for the eligible investors described in (i), (iii), (iv), (v), and (vii) above; $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for the eligible investors described in (vi) above; and $1 million for all other eligible investors, unless waived in the discretion of the Distributor
|
None | None | N/A | None |
Class R |
Eligibility:
Available only to eligible retirement plans, health savings
|
None | None | N/A | Series of CFST & CFST I: |
Prospectus 2021 | 35 |
Share Class |
Eligible Investors
(a)
;
Minimum Initial Investments
(b)
;
Conversion Features
(c)
|
Front-End
Sales Charges
(d)
|
Contingent Deferred
Sales Charges (CDSCs)
(d)
|
Sales Charge
Reductions/Waivers |
Maximum Distribution
and/or Service Fees
(e)
|
accounts and, in the sole discretion of the Distributor, other types of retirement accounts held through platforms maintained by financial intermediaries approved by the Distributor
Minimum Initial Investment:
None
|
distribution fee of 0.50%
Series of CFST II:
distribution and service fee of 0.50%, of which the service fee may be up to 0.25%
|
||||
Class V |
Eligibility:
Generally closed to new investors
(j)
N/A
|
5.75% maximum, declining to 0.00% on investments of $1 million or more |
CDSC on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, charged as follows:
|
Reductions
: Yes, see
Choosing a Share Class — Reductions/Waivers of Sales Charges – Class A and Class V Shares Front-End Sales Charge Reductions
: Yes, on Fund distribution reinvestments.
For additional waivers, see
Choosing a Share Class — Reductions/Waivers of Sales Charges – Class A and Class V Shares Front-End Sales Charge Waivers
, as well as
Choosing a Share Class — CDSC Waivers – Class A, Class C and Class V
|
Service Fee:
up to 0.50%
|
(a) | For Columbia Government Money Market Fund, new investments must be made in Class A, Class Inst, Class Inst3, or Class R shares, subject to eligibility. Class C shares of Columbia Government Money Market Fund are available as a new investment only to investors in the Distributor's proprietary 401(k) products, provided that such investor is eligible to invest in the class and transact directly with the Fund or the Transfer Agent through a third party administrator or third party recordkeeper. Columbia Government Money Market Fund offers Class Inst2 shares only to facilitate exchanges with other Funds offering such share class. |
(b) |
Certain share classes are subject to minimum account balance requirements, as described in
Buying, Selling and Exchanging Shares — Transaction Rules and Policies.
|
(c) |
For more information on the conversion of Class C shares to Class A shares, see
Choosing a Share Class - Sales Charges and Commissions - Class C Shares - Conversion to Class A Shares
.
|
(d) |
Actual front-end sales charges and CDSCs vary among the Funds. For more information on applicable sales charges, see
Choosing a Share Class — Sales Charges and Commissions,
and for information about certain exceptions to these sales charges, see
Choosing a Share Class — Reductions/Waivers of Sales Charges.
|
(e) |
These are the maximum applicable distribution and/or service fees. Except for Class V shares, these fees are paid under the Fund’s Rule 12b-1 plan. Fee rates and fee components (i.e., the portion of a combined fee that is a distribution or service fee) may vary among Funds. Because these fees are paid out of Fund assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of distribution and/or service fees. Although Class A shares of certain series of CFST I are subject to a combined distribution and service fee of up to 0.35%, these Funds currently limit the combined fee to 0.25%. Columbia Ultra Short Term Bond Fund pays a distribution and service fee of up to 0.15% on Class A shares. Columbia Government Money Market Fund pays a distribution and service fee of up to 0.10% on Class A shares and up to 0.75% distribution fee on Class C shares. Columbia High Yield Municipal Fund, Columbia Intermediate Municipal Bond Fund and Columbia Tax-Exempt Fund each pay a service fee of up to 0.20% on Class A and Class C shares. Columbia Intermediate Municipal Bond Fund pays a distribution fee of up to 0.65% on Class C shares. For more information on distribution and service fees, see
Choosing a Share Class — Distribution and Service Fees.
|
(f) | Columbia Ultra Short Term Bond Fund must be purchased through financial intermediaries that, by written agreement with the Distributor, are specifically authorized to sell the Fund’s shares. Class Adv shares of Columbia Ultra Short Term Bond Fund are also available to certain registered investment advisers that clear Fund share transactions for their client accounts through designated financial intermediaries with mutual fund trading platforms that have been granted specific written authorization from the Transfer Agent (apart from selling, servicing or similar agreements) to sell Class Inst2 shares, which are not offered by the Fund. Class Inst3 shares of Columbia Ultra Short Term Bond Fund that were open and funded accounts prior to November 30, 2018 (the conversion date from the former unnamed share class to Class Inst3 shares) are eligible for additional investment; however, any account established after that date must meet the current Class Inst3 eligibility requirements. |
36 | Prospectus 2021 |
(g) | For Columbia Short Term Municipal Bond Fund, a CDSC of 0.50% is charged on certain investments of $500,000 or more redeemed within 12 months after purchase. The following Funds are not subject to a front-end sales charge or a CDSC on Class A shares: Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund, Columbia Ultra Short Term Bond Fund and Columbia U.S. Treasury Index Fund. |
(h) |
If you are eligible to invest in Class A shares without a front-end sales charge, you should discuss your options with your financial intermediary. For more information, see
Choosing a Share Class – Reductions/Waivers of Sales Charges.
|
(i) | There is no CDSC on redemptions from Class C shares of Columbia Government Money Market Fund. |
(j) |
These share classes are closed to new accounts, or closed to previously eligible investors, subject to certain conditions, as summarized below and described in more detail under
Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors:
|
Prospectus 2021 | 37 |
■ | depends on the amount you are investing (generally, the larger the investment, the smaller the percentage sales charge), and |
■ | is based on the total amount of your purchase and the value of your account (and any other accounts eligible for aggregation of which you or your financial intermediary notifies the Fund). |
38 | Prospectus 2021 |
Class A Shares — Front-End Sales Charge — Breakpoint Schedule* | ||||
Breakpoint Schedule For: |
Dollar amount of
shares bought
(a)
|
Sales
charge as a % of the offering price
(b)
|
Sales
charge as a % of the net amount invested
(b)
|
Amount
retained by or paid to financial intermediaries as a % of the offering price |
Fixed Income Funds (except those listed below),
Columbia Multi-Asset Income Fund and Funds-of-Funds (fixed income)* |
$
|
4.75% | 4.99% | 4.00% |
$
|
4.25% | 4.44% | 3.50% | |
$100,000–$249,999 | 3.50% | 3.63% | 3.00% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.15% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$
|
0.00% | 0.00% |
0.00%
(c)
|
|
Tax-Exempt Funds (other than Columbia Short Term Municipal Bond Fund) |
$
|
3.00% | 3.09% | 2.50% |
$100,000–$249,999 | 2.50% | 2.56% | 2.15% | |
$250,000–$499,999 | 1.50 % | 1.53% | 1.25% | |
$
|
0.00% | 0.00% |
0.00%
(c)
|
|
Columbia Floating Rate Fund,
Columbia Limited Duration Credit Fund, Columbia Mortgage Opportunities Fund, Columbia Quality Income Fund, and Columbia Total Return Bond Fund |
$
|
3.00% | 3.09% | 2.50% |
$100,000–$249,999 | 2.50% | 2.56% | 2.15% | |
$250,000–$499,999 | 2.00% | 2.04% | 1.75% | |
$500,000–$999,999 | 1.50% | 1.52% | 1.25% | |
$
|
0.00% | 0.00% |
0.00%
(c)
|
|
Columbia Short Term Bond Fund |
$
|
1.00% | 1.01% | 0.75% |
$100,000–$249,999 | 0.75% | 0.76% | 0.50% | |
$250,000–$999,999 | 0.50% | 0.50% | 0.40% | |
$
|
0.00% | 0.00% |
0.00%
(c)
|
|
Columbia Short Term Municipal Bond Fund |
$
|
1.00% | 1.01% | 0.75% |
$100,000–$249,999 | 0.75% | 0.76% | 0.50% | |
$250,000–$499,999 | 0.50% | 0.50% | 0.40% | |
$
|
0.00% | 0.00% |
0.00%
(c)
|
|
* |
The following Funds are not subject to a front-end sales charge or CDSC on Class A shares: Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund, Columbia Ultra Short Term Bond Fund and Columbia U.S. Treasury Index Fund.
"Funds-of-Funds (equity)"
includes Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio and Columbia Capital Allocation Moderate Portfolio
. "Funds-of-Funds (fixed income)"
includes Columbia Capital Allocation Conservative Portfolio and Columbia Income Builder Fund. Columbia Balanced Fund, Columbia Flexible Capital Income Fund and Columbia Global Opportunities Fund are treated as equity Funds for purposes of the table.
|
(a) |
Purchase amounts and account values may be aggregated among all eligible Fund accounts for the purposes of this table. See
Choosing a Share Class — Reductions/Waivers of Sales Charges
for a discussion of account value aggregation.
|
(b) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. Purchase price includes the sales charge. |
(c) |
For information regarding cumulative commissions paid to your financial intermediary when you buy $1 million or more of Class A shares of a Taxable Fund or $500,000 or more of Class A shares of a Tax-Exempt Fund, see
Class A Shares — Commissions
below.
|
Prospectus 2021 | 39 |
■ | If you purchased Class A shares of any Tax-Exempt Fund (other than Columbia Short Term Municipal Bond Fund) without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.75% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.75% if you redeem those shares within 12 months after purchase. |
■ | If you purchased Class A shares of Columbia Short Term Municipal Bond Fund without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.50% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.50% if you redeem those shares within 12 months after purchase. |
■ | If you purchased Class A shares of any Taxable Fund without paying a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase; and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within 18 months after purchase as described in the previous sentence. |
* | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 0.75% on the first $3,999,999 and 0.50% on the balance. |
** | The commission level on purchases of Class A shares of Columbia Short Term Municipal Bond Fund is: 0.50% on purchases of $500,000 to $19,999,999 and 0.25% on purchases of $20 million or more. |
40 | Prospectus 2021 |
Class A Shares of Taxable Funds — Commission Schedule (Paid by the Distributor to Financial Intermediaries)* | |
Purchase Amount |
Commission Level**
(as a % of net asset value per share) |
$1 million – $2,999,999 | 1.00% |
$3 million – $49,999,999 | 0.50% |
$50 million or more | 0.25% |
* | Not applicable to Funds that do not assess a front-end sales charge. |
** | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 1.00% on the first $2,999,999 and 0.50% on the balance. |
■ | Class C share accounts that are Direct-at-Fund Accounts and Networked Accounts for which the Transfer Agent (and not your financial intermediary) sends you Fund account transaction confirmations and statements, convert on or about the 15th day of the month (if the 15th is not a business day, then the next business day thereafter) that they become eligible for automatic conversion provided that the Fund has records that Class C shares have been held for the requisite time period. |
■ | For purposes of determining the month when your Class C shares are eligible for conversion, the start of the holding period is the first day of the month in which your purchase was made. Your financial intermediary may choose a different day of the month to convert Class C shares. Please contact your financial intermediary for more information on calculating the holding period. |
■ | Any shares you received from reinvested distributions on these shares generally will convert to Class A shares at the same time. |
■ | You’ll receive the same dollar value of Class A shares as the Class C shares that were automatically converted. Class C shares that you received from an exchange of Class C shares of another Fund will convert based on the day you bought the original shares. |
Prospectus 2021 | 41 |
■ | No sales charge or other charges apply in connection with this automatic conversion, and conversions are free from U.S. federal income tax. |
■ | depends on the amount you are investing (generally, the larger the investment, the smaller the percentage sales charge), and |
■ | is based on the total amount of your purchase and the value of your account (and any other accounts eligible for aggregation of which you notify your financial intermediary or, in the case of Direct-at-Fund Accounts (as defined below), you notify the Fund). |
42 | Prospectus 2021 |
Class V Shares — Front-End Sales Charge — Breakpoint Schedule | ||||
Breakpoint Schedule For: |
Dollar amount of
shares bought
(a)
|
Sales
charge as a % of the offering price
(b)
|
Sales
charge as a % of the net amount invested
(b)
|
Amount
retained by or paid to Financial Intermediaries as a % of the offering price |
Fixed Income Funds |
$
|
4.75% | 4.99% | 4.25% |
$
|
4.50% | 4.71% | 3.75% | |
$100,000–$249,999 | 3.50% | 3.63% | 2.75% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.00% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$
|
0.00% | 0.00% |
0.00%
(c)
|
|
(a) | Purchase amounts and account values are aggregated among all eligible Fund accounts for the purposes of this table. |
(b) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. |
(c) |
For more information regarding cumulative commissions paid to your financial intermediary when you buy $1 million or more of Class V shares, see
Class V Shares — Commissions
below.
|
■ | If you purchased Class V shares without a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase, and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. |
■ | Subsequent Class V share purchases that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within the time periods noted above. |
Class V Shares
—
Commission Schedule (Paid by the Distributor to Financial Intermediaries)
|
|
Purchase
Amount |
Commission Level*
(as a % of net asset value per share) |
$1 million – $2,999,999 | 1.00% |
$3 million – $49,999,999 | 0.50% |
$50 million or more | 0.25% |
* | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 1.00% on the first $2,999,999 and 0.50% on the balance. |
Prospectus 2021 | 43 |
44 | Prospectus 2021 |
Prospectus 2021 | 45 |
Repurchases (Reinstatements) | |
Redeemed Share Class | Corresponding Repurchase Class |
Class A | Class A |
Class C | Class C |
46 | Prospectus 2021 |
Repurchases (Reinstatements) | |
Redeemed Share Class | Corresponding Repurchase Class |
Class V | Class V |
(a) | The service fees for Class A and Class C shares of certain Funds vary. The annual service fee for Class A and Class C shares of Columbia High Yield Municipal Fund, Columbia Intermediate Municipal Bond Fund and Columbia Tax-Exempt Fund may equal up to 0.20% of the average daily NAV of all shares of such Fund class. The annual distribution fee for Class C shares for Columbia Intermediate Municipal Bond Fund shall be 0.65% of the average daily net assets of the Fund’s Class C shares. The Distributor has contractually agreed to waive a portion of the service fee for Class A and Class C shares of Columbia U.S. Treasury Index Fund so that the service fee does not exceed 0.15% annually through August 31, 2021 unless sooner terminated at the sole discretion of the Fund’s Board. The Distributor has contractually agreed to waive a portion of the service fee for Class A shares of Columbia Strategic California Municipal Income Fund so that the service fee does not exceed 0.20% annually through February 28, 2022 unless modified or sooner terminated at the sole discretion of the Fund’s Board. |
Prospectus 2021 | 47 |
(b) | The maximum distribution and service fees of Class A shares varies among the Funds, as shown in the table below: |
Funds |
Maximum
Class A Distribution Fee |
Maximum
Class A Service Fee |
Maximum
Class A Combined Total |
Series of CFST and CFST II (other than Columbia
Government Money Market Fund) |
— | — |
0.25%; these Funds pay a
combined distribution and service fee |
Columbia Government Money Market Fund | — | — | 0.10% |
Columbia Ultra Short Term Bond Fund | up to 0.15% | up to 0.15% | 0.15% |
Columbia Balanced Fund, Columbia Contrarian Core Fund, Columbia Dividend Income Fund, Columbia Global Technology Growth Fund, Columbia Large Cap Growth Fund, Columbia Mid Cap Growth Fund, Columbia Oregon Intermediate Municipal Bond Fund, Columbia Real Estate Equity Fund, Columbia Small Cap Growth Fund I, Columbia Total Return Bond Fund | up to 0.10% | up to 0.25% |
up to 0.35%; these Funds may
pay distribution and service fees up to a maximum of 0.35% of their average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder liaison services) but currently limit such fees to an aggregate fee of not more than 0.25% for Class A shares |
Columbia Adaptive Risk Allocation Fund, Columbia Bond Fund, Columbia Connecticut Intermediate Municipal Bond Fund, Columbia Corporate Income Fund, Columbia Emerging Markets Fund, Columbia Greater China Fund, Columbia International Dividend Income Fund, Columbia Massachusetts Intermediate Municipal Bond Fund, Columbia Multi-Asset Income Fund, Columbia Multi Strategy Alternatives Fund, Columbia New York Intermediate Municipal Bond Fund, Columbia Pacific/Asia Fund, Columbia Select Large Cap Growth Fund, Columbia Small Cap Value Fund I, Columbia Strategic California Municipal Income Fund, Columbia Strategic Income Fund, Columbia Strategic New York Municipal Income Fund, Columbia U.S. Social Bond Fund, Columbia U.S. Treasury Index Fund | — | 0.25% | 0.25% |
Columbia High Yield Municipal Fund, Columbia Intermediate Municipal Bond Fund, Columbia Tax-Exempt Fund | — | 0.20% | 0.20% |
(c) | Fee amounts noted apply to all Funds other than Columbia Government Money Market Fund, which, for Class A shares, pays distribution and service fees of 0.10%, and for Class C shares pays distribution fees of 0.75%. The payment of the distribution and/or service fees payable by Columbia Government Money Market Fund under its Plan of Distribution has been suspended through November 30, 2021. This arrangement may be modified or terminated at the sole discretion of Columbia Government Money Market Fund’s Board at any time. Compensation paid to financial intermediaries is suspended for the duration of the suspension of payments under Columbia Government Money Market Fund’s Plan of Distribution. |
(d) | The Distributor has contractually agreed to waive a portion of the distribution fee for Class C shares of the following Funds so that the distribution fee does not exceed the specified percentage annually through the specified date for each Fund: 0.45% for Columbia Connecticut Intermediate Municipal Bond Fund through February 28, 2022, Columbia Massachusetts Intermediate Municipal Bond Fund through February 28, 2022, Columbia New York Intermediate Municipal Bond Fund through February 28, 2022, Columbia Oregon Intermediate Municipal Bond Fund through November 30, 2021, Columbia Strategic California Municipal Income Fund through February 28, 2022, and Columbia Strategic New York Municipal Income Fund through August 31, 2021; 0.55% for Columbia Corporate Income Fund through August 31, 2021, and Columbia Short Term Bond Fund through August 31, 2021; 0.60% for Columbia High Yield Municipal Fund through September 30, 2021, Columbia Intermediate Municipal Bond Fund through August 31, 2021, and Columbia Tax-Exempt Fund through November 30, 2021; and 0.65% for Columbia U.S. Treasury Index Fund through August 31, 2021. These arrangements may be sooner terminated at the sole discretion of each Fund’s Board. |
(e) | Class R shares of series of CFST and CFST I pay a distribution fee pursuant to a Rule 12b-1 plan. The Funds do not have a shareholder service plan for Class R shares. Series of CFST II have a distribution and shareholder service plan for Class R shares. For Class R shares of series of CFST II, the maximum fee under the plan reimbursed for distribution expenses is equal on an annual basis to 0.50% of the average daily net assets of the Fund attributable to Class R shares. Of that amount, up to 0.25% may be reimbursed for shareholder service expenses. |
(f) |
The shareholder servicing fees for Class V shares are up to 0.50% of average daily net assets attributable to Class V shares for equity Funds and 0.40% for fixed income Funds. In general, the Funds currently limit such fees to a maximum of 0.25% for equity Funds and 0.15% for fixed-income Funds. These fees for Class V shares are not paid pursuant to a Rule 12b-1 plan. See
Class V Shareholder Service Fees
below for more information.
|
48 | Prospectus 2021 |
Prospectus 2021 | 49 |
50 | Prospectus 2021 |
Prospectus 2021 | 51 |
52 | Prospectus 2021 |
Minimum Account Balance | |
Minimum
Account Balance |
|
For all classes and account types except those listed below |
$250 (None for accounts with
Systematic Investment Plans) |
Individual Retirement Accounts for all classes except those listed below | None |
Class Adv, Class Inst2, Class Inst3 and Class R | None |
Prospectus 2021 | 53 |
54 | Prospectus 2021 |
■ | negative impact on the Fund's performance; |
■ | potential dilution of the value of the Fund's shares; |
■ | interference with the efficient management of the Fund's portfolio, such as the need to maintain undesirably large cash positions, the need to use its line of credit or the need to buy or sell securities it otherwise would not have bought or sold; |
■ | losses on the sale of investments resulting from the need to sell securities at less favorable prices; |
Prospectus 2021 | 55 |
■ | increased taxable gains to the Fund's remaining shareholders resulting from the need to sell securities to meet sell orders; and |
■ | increased brokerage and administrative costs. |
56 | Prospectus 2021 |
Prospectus 2021 | 57 |
58 | Prospectus 2021 |
Prospectus 2021 | 59 |
60 | Prospectus 2021 |
Minimum Initial Investments
|
||
Minimum
Initial Investment
(a)
|
Minimum
Initial Investment for Accounts with Systematic Investment Plans |
|
For all classes and account types except those listed below | $2,000 |
$100
(b)
|
Individual Retirement Accounts for all classes except those listed below | $1,000 |
$100
(c)
|
Group retirement plans | None | N/A |
Class Adv and Class Inst |
$0, $1,000 or $2,000
(d)
|
$100
(d)
|
Class Inst2 and Class R | None | N/A |
Prospectus 2021 | 61 |
Minimum Initial Investments
|
||
Minimum
Initial Investment
(a)
|
Minimum
Initial Investment for Accounts with Systematic Investment Plans |
|
Class Inst3 |
$0, $1,000, $2,000 or $1 million
(e)
|
$100
(e)
|
(a) |
If your Class A, Class Adv, Class C, Class Inst, Class Inst3 or Class V shares account balance falls below the minimum initial investment amount for any reason, including a market decline, you may be asked to increase it to the minimum initial investment amount or establish a monthly Systematic Investment Plan. If you do not do so, your account will be subject to a $20 annual low balance fee and/or shares may be automatically redeemed and the proceeds mailed to you if the account falls below the minimum account balance. See
Buying, Selling and Exchanging Shares — Transaction Rules and Policies
|
(b) |
Columbia Government Money Market Fund
—
|
(c) |
Columbia Government Money Market Fund
—
|
(d) |
The minimum initial investment in Class Adv shares is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customers, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Adv shares within such platform; for all other eligible Class Adv share investors (see
Buying Shares – Eligible Investors – Class Adv Shares
Class Inst Shares Minimum Initial Investments
|
(e) | There is no minimum initial investment in Class Inst3 shares for: group retirement plans that maintain plan-level or omnibus accounts with the Fund; collective trust funds; affiliated or unaffiliated mutual funds (e.g., funds operating as funds-of-funds); fee-based platforms of financial intermediaries (or the clearing intermediary that they trade through) that have an agreement with the Distributor or an affiliate thereof that specifically authorizes the financial intermediary to offer and/or service Class Inst3 shares within such platform and Fund shares are held in an omnibus account; and bank trust departments, subject to an agreement with the Distributor that specifically authorizes offering Class Inst3 shares and provided that Fund shares are held in an omnibus account. The minimum initial investment in Class Inst3 shares is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Inst3 shares within such platform and Fund shares are held in an omnibus account. The minimum initial investment in Class Inst3 shares is $1 million, unless waived in the discretion of the Distributor, for the following investors: institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Inst3 shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Inst3 shares within such platform. The Distributor may, in its discretion, waive the $1 million minimum initial investment required for these Class Inst3 investors. In each case above where noted that Fund shares are required to be held in an omnibus account, the Distributor may, in its discretion, determine to waive this requirement. |
■ | Any health savings account sponsored by a third party platform. |
■ | Any investor participating in an account sponsored by a financial intermediary or other entity (that provides services to the account) that is paid a fee-based advisory fee by the investor and that is not compensated by the Fund for those services, other than payments for shareholder servicing or sub-accounting performed in place of the Transfer Agent. |
■ | Any commissionable brokerage account, if a financial intermediary has received a written approval from the Distributor to waive the minimum initial investment in Class Inst shares. |
62 | Prospectus 2021 |
■ | Individual retirement accounts (IRAs) on commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Inst shares within such platform. |
■ | Any current employee of Columbia Management Investment Advisers LLC, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address are eligible to invest in Class Inst shares through an individual retirement account (IRA). If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Inst shares. If Class Inst shares are not available at your financial intermediary, you may consider opening a Direct-at-Fund Account. It is your obligation to advise your financial intermediary or (in the case of Direct-at-Fund Accounts) the Transfer Agent that you qualify for Class Inst shares; be prepared to provide proof thereof. |
■ | Investors (except investors in individual retirement accounts (IRAs)) who purchase Fund shares through commissionable brokerage platforms where the financial intermediary holds the shares in an omnibus account and, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Inst shares within such platform. |
■ | Any current employee of Columbia Management Investment Advisers LLC, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address are eligible to invest in Class Inst shares (other than individual retirement accounts (IRAs), for which the minimum initial investment is $1,000). If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Inst shares. If Class Inst shares are not available at your financial intermediary, you may consider opening a Direct-at-Fund Account. It is your obligation to advise your financial intermediary or (in the case of Direct-at-Fund Accounts) the Transfer Agent that you qualify for Class Inst shares; be prepared to provide proof thereof. |
■ | Certain financial institutions and intermediaries, such as insurance companies, trust companies, banks, endowments, investment companies or foundations, buying shares for their own account, including Ameriprise Financial and its affiliates and/or subsidiaries. |
■ | Bank trust departments that assess their clients an asset-based fee. |
■ | Certain other investors as set forth in more detail in the SAI. |
■ | Once the Transfer Agent or your financial intermediary receives your purchase order in “good form,” your purchase will be made at the Fund’s next calculated public offering price per share, which is the NAV per share plus any sales charge that applies (i.e., the trade date). |
■ | Once the Fund receives your purchase request in “good form,” you cannot cancel it after the market closes. |
Prospectus 2021 | 63 |
■ | You generally buy Class A and Class V shares at the public offering price per share because purchases of these share classes are generally subject to a front-end sales charge. |
■ | You buy Class Adv, Class C, Class Inst, Class Inst2, Class Inst3 and Class R shares at NAV per share because no front-end sales charge applies to purchases of these share classes. |
■ | Class A shares of Columbia Ultra Short Term Bond Fund are not eligible for purchase by a Direct-at-Fund Account. |
■ | Class Inst shares of Columbia Ultra Short Term Bond Fund are not eligible for purchase by a Direct-at-Fund Account except for any current employee of Columbia Management Investment Advisers LLC, the Distributor or Transfer Agent and immediate family members of the foregoing who share the same address. |
■ | The Distributor and the Transfer Agent reserve the right to cancel your order request if the Fund does not receive payment within two business days of receiving your purchase order request. The Fund will return any payment received for orders that have been cancelled, but no interest will be paid on that money. |
■ | Financial intermediaries are responsible for sending your purchase orders to the Transfer Agent and ensuring that the Fund receives your money on time. |
■ | Shares purchased are recorded on the books of the Fund. The Fund does not issue certificates. |
64 | Prospectus 2021 |
Prospectus 2021 | 65 |
■ | Once the Transfer Agent or your financial intermediary receives your redemption order in “good form,” your shares will be sold at the Fund’s next calculated NAV per share (i.e., the trade date). Any applicable CDSC will be deducted from the amount you're selling and the balance will be remitted to you. |
■ | Once the Fund receives your redemption request in “good form,” you cannot cancel it after the market closes. |
■ | If you sell your shares that are held in a Direct-at-Fund Account, we will normally send the redemption proceeds by mail or electronically transfer them to your bank account the next business day after the trade date. Note that your bank may take up to three business days to post an electronic funds transfer from your account. |
■ | If you sell your shares through a financial intermediary, the Funds will normally send the redemption proceeds to your financial intermediary within two business days after the trade date. |
■ | No interest will be paid on uncashed redemption checks. |
■ | Other restrictions may apply to retirement accounts. For information about these restrictions, contact your retirement plan administrator. |
■ | For broker-dealer and wrap fee accounts: The Fund reserves the right to redeem your shares if your account falls below the Fund's minimum initial investment requirement. The Fund will notify your broker-dealer prior to redeeming shares, and will provide details on how to avoid such redemption. |
■ |
Also keep in mind the Funds' Small Account Policy, which is described above in
Buying, Selling and Exchanging Shares — Transaction Rules and Policies.
|
66 | Prospectus 2021 |
■ | Exchanges are made at the NAV next calculated (plus any applicable sales charge) after your exchange order is received in “good form” (i.e., the trade date). |
■ | Once the Fund receives your exchange request in “good form,” you cannot cancel it after the market closes. |
■ | The rules for buying shares of a Fund generally apply to exchanges into that Fund, including, if your exchange creates a new Fund account, it must satisfy the minimum investment amount, unless a waiver applies. |
■ | Shares of the purchased Fund may not be used on the same day for another exchange or sale. |
■ | If you exchange shares from Class A shares of Columbia Government Money Market Fund to a non-money market Fund, any further exchanges must be between shares of the same class. For example, if you exchange from Class A shares of Columbia Government Money Market Fund into Class C shares of a non-money market Fund, you may not exchange from Class C shares of that non-money market Fund back to Class A shares of Columbia Government Money Market Fund or Class A shares of any other Fund. |
■ | A sales charge may apply when you exchange shares of a Fund that were not assessed a sales charge at the time you purchased such shares. If you invest through a Direct-at-Fund Account in Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund, Columbia Ultra Short Term Bond Fund, Columbia U.S. Treasury Index Fund or any other Columbia Fund that does not impose a front-end sales charge and then you exchange into a Fund that does assess a sales charge, your transaction is subject to a front-end sales charge if you exchange into Class A shares and to a CDSC if you exchange into Class C shares of the Columbia Funds. |
■ | If you purchased Class A shares of a Columbia Fund that imposes a front-end sales charge (and you paid any applicable sales charge) and you then exchange those shares into Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund, Columbia Ultra Short Term Bond Fund, Columbia U.S. Treasury Index Fund or any other Columbia Fund that does not impose a front-end sales charge, you may exchange that amount to Class A of another Fund in the future, including dividends earned on that amount, without paying a sales charge. |
■ | If your shares are subject to a CDSC, you will not be charged a CDSC upon the exchange of those shares. Any CDSC will be deducted when you sell the shares you received from the exchange. The CDSC imposed at that time will be based on the period that begins when you bought shares of the original Fund and ends when you sell the shares of the Fund you received from the exchange. Any applicable CDSC charged will be the CDSC of the original Fund. |
■ | You may make exchanges only into a Fund that is legally offered and sold in your state of residence. Contact the Transfer Agent or your financial intermediary for more information. |
■ | You generally may make an exchange only into a Fund that is accepting investments. |
■ | The Fund may change or cancel your right to make an exchange by giving the amount of notice required by regulatory authorities (generally 60 days for a material change or cancellation). |
■ | Unless your account is part of a tax-advantaged arrangement, an exchange for shares of another Fund is a taxable event, and you may recognize a gain or loss for tax purposes. |
■ | Changing your investment to a different Fund will be treated as a sale and purchase, and you will be subject to applicable taxes on the sale and sales charges on the purchase of the new Fund. |
Prospectus 2021 | 67 |
■ |
Class Inst shares of a Fund may be exchanged for Class A or Class Inst shares of another Fund. In certain circumstances, the front-end sales charge applicable to Class A shares may be waived on exchanges of Class Inst shares for Class A shares. See
Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors — Class Inst Shares
for details.
|
■ | Class A shares of Columbia Ultra Short Term Bond Fund are not eligible for exchange by a Direct-at-Fund Account. |
■ | Class Inst shares of Columbia Ultra Short Term Bond Fund are not eligible for exchange by a Direct-at-Fund Account except for any current employee of the Investment Manager, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address. |
■ | You may generally exchange Class V shares of a Fund for Class A shares of another Fund if the other Fund does not offer Class V shares. Class V shares exchanged into Class A shares cannot be exchanged back into Class V shares. |
68 | Prospectus 2021 |
■ | It can earn income on its investments. Examples of fund income are interest paid on money market instruments and bonds, and dividends paid on common stocks. |
■ | A mutual fund can also have capital gains if the value of its investments increases. While a fund continues to hold an investment, any gain is generally unrealized. If the fund sells an investment, it generally will realize a capital gain if it sells that investment for a higher price than its adjusted cost basis, and will generally realize a capital loss if it sells that investment for a lower price than its adjusted cost basis. Capital gains and losses are either short-term or long-term, depending on whether the fund holds the securities for one year or less (short-term) or more than one year (long-term). |
Declaration and Distribution Schedule | |
Declarations | Monthly |
Distributions | Monthly |
Prospectus 2021 | 69 |
■ | The Fund intends to qualify and to be eligible for treatment each year as a regulated investment company. A regulated investment company generally is not subject to tax at the fund level on income and gains from investments that are distributed to shareholders. However, the Fund's failure to qualify for treatment as a regulated investment company would result in Fund-level taxation, and consequently, a reduction in income available for distribution to you and in the NAV of your shares. Even if the Fund qualifies for treatment as a regulated investment company, the Fund may be subject to federal excise tax on certain undistributed income or gains. |
■ | Otherwise taxable distributions generally are taxable to you when paid, whether they are paid in cash or automatically reinvested in additional Fund shares. Dividends paid in January are deemed paid on December 31 of the prior year if the dividend was declared and payable to shareholders of record in October, November, or December of such prior year. |
■ |
Distributions of the Fund's ordinary income and net short-term capital gain, if any, generally are taxable to you as ordinary income. Distributions of the Fund's net long-term capital gain, if any, generally are taxable to you as long-term capital gain. Whether capital gains are long-term or short-term is determined by how long the Fund has owned the investments that generated them, rather than how long you have owned your shares.
For taxable fixed income Funds:
The Fund expects that distributions will consist primarily of ordinary income.
|
■ | From time to time, a distribution from the Fund could constitute a return of capital. A return of capital is a return of an amount of your original investment and is not a distribution of income or capital gain from the Fund. Therefore, a return of capital is not taxable to you so long as the amount of the distribution does not exceed your tax basis in your Fund shares. A return of capital reduces your tax basis in your Fund shares, with any amounts exceeding such basis generally taxable as capital gain. |
■ | If you are an individual and you meet certain holding period and other requirements for your Fund shares, a portion of your distributions may be treated as “qualified dividend income” taxable at the lower net long-term capital gain rates instead of the higher ordinary income rates. Qualified dividend income is income attributable to the Fund's dividends received from certain U.S. and foreign corporations, as long as the Fund meets certain holding period and other requirements for the stock producing such dividends. The Fund does not expect a significant portion of Fund distributions to be eligible for treatment as qualified dividend income. |
■ | Certain high-income individuals (as well as estates and trusts) are subject to a 3.8% tax on net investment income. For individuals, the 3.8% tax applies to the lesser of (1) the amount (if any) by which the taxpayer's modified adjusted gross income exceeds certain threshold amounts or (2) the taxpayer's “net investment income.” |
Net investment income generally includes for this purpose dividends, including any capital gain dividends, paid by the Fund, and net gains recognized on the sale, redemption or exchange of shares of the Fund. |
■ | Certain derivative instruments when held in the Fund's portfolio subject the Fund to special tax rules, the effect of which may be to, among other things, accelerate income to the Fund, defer Fund losses, cause adjustments in the holding periods of Fund portfolio securities, or convert capital gains into ordinary income, short-term capital losses into long-term capital losses or long-term capital gains into short-term capital gains. These rules could therefore affect the amount, timing and/or character of distributions to shareholders. |
■ | Generally, a Fund realizes a capital gain or loss on an option when the option expires, or when it is exercised, sold or otherwise terminated. However, if an option is a “section 1256 contract,” which includes most traded options on a broad-based index, and the Fund holds such option at the end of its taxable year, the Fund is deemed to sell such option at fair market value at such time and recognize any gain or loss thereon, which is generally deemed to be 60% long-term and 40% short-term capital gain or loss, as described further in the SAI. |
70 | Prospectus 2021 |
■ | Income and proceeds received by the Fund from sources within foreign countries may be subject to foreign taxes. If at the end of the taxable year more than 50% of the value of the Fund's assets consists of securities of foreign corporations, and the Fund makes a special election, you will generally be required to include in your income for U.S. federal income tax purposes your share of the qualifying foreign income taxes paid by the Fund in respect of its foreign portfolio securities. You may be able to claim a foreign tax credit or deduction in respect of this amount, subject to certain limitations. There is no assurance that the Fund will make this election for a taxable year, even if it is eligible to do so. |
■ | A sale, redemption or exchange of Fund shares is a taxable event. This includes redemptions where you are paid in securities. Your sales, redemptions and exchanges of Fund shares (including those paid in securities) usually will result in a taxable capital gain or loss to you, equal to the difference between the amount you receive for your shares (or are deemed to have received in the case of exchanges) and your adjusted tax basis in the shares, which is generally the amount you paid (or are deemed to have paid in the case of exchanges) for them. Any such capital gain or loss generally will be long-term capital gain or loss if you have held your Fund shares for more than one year at the time of sale or exchange. In certain circumstances, capital losses may be converted from short-term to long-term; in other circumstances, capital losses may be disallowed under the “wash sale” rules. |
■ | For sales, redemptions and exchanges of shares that were acquired in a non-qualified account after 2011, the Fund generally is required to report to shareholders and the Internal Revenue Service (IRS) cost basis information with respect to those shares. The Fund uses average cost basis as its default method of calculating cost basis. For more information regarding average cost basis reporting, other available cost basis methods, and selecting or changing to a different cost basis method, please see the SAI, columbiathreadneedleus.com, or contact the Fund at 800.345.6611. If you hold Fund shares through a financial intermediary (e.g., a brokerage firm), you should contact your financial intermediary to learn about its cost basis reporting default method and the reporting elections available to your account. |
■ | The Fund is required by federal law to withhold tax on any taxable or tax-exempt distributions and redemption proceeds paid to you (including amounts paid to you in securities and amounts deemed to be paid to you upon an exchange of shares) if: you have not provided a correct TIN or have not certified to the Fund that withholding does not apply, the IRS has notified us that the TIN listed on your account is incorrect according to its records, or the IRS informs the Fund that you are otherwise subject to backup withholding. |
Prospectus 2021 | 71 |
Prospectus 2021 | 73 |
Net asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Total
distributions to shareholders |
|
Class A | |||||||
Year Ended 8/31/2020 | $11.29 | 0.45 | (0.08) | 0.37 | (0.35) | — | (0.35) |
Year Ended 8/31/2019 | $10.74 | 0.59 | 0.39 | 0.98 | (0.43) | — | (0.43) |
Year Ended 8/31/2018 | $12.09 | 0.62 | (1.31) | (0.69) | (0.66) | — | (0.66) |
Year Ended 8/31/2017
(d)
|
$11.64 | 0.54 | 0.33 | 0.87 | (0.42) | — | (0.42) |
Year Ended 10/31/2016 | $10.56 | 0.64 | 0.73 | 1.37 | (0.29) | — | (0.29) |
Year Ended 10/31/2015 | $11.37 | 0.62 | (1.12) | (0.50) | (0.30) | (0.01) | (0.31) |
Advisor Class | |||||||
Year Ended 8/31/2020 | $11.31 | 0.51 | (0.11) | 0.40 | (0.38) | — | (0.38) |
Year Ended 8/31/2019 | $10.75 | 0.61 | 0.41 | 1.02 | (0.46) | — | (0.46) |
Year Ended 8/31/2018 | $12.11 | 0.65 | (1.32) | (0.67) | (0.69) | — | (0.69) |
Year Ended 8/31/2017
(d)
|
$11.65 | 0.58 | 0.32 | 0.90 | (0.44) | — | (0.44) |
Year Ended 10/31/2016 | $10.57 | 0.68 | 0.72 | 1.40 | (0.32) | — | (0.32) |
Year Ended 10/31/2015 | $11.38 | 0.64 | (1.12) | (0.48) | (0.32) | (0.01) | (0.33) |
Class C | |||||||
Year Ended 8/31/2020 | $11.22 | 0.37 | (0.09) | 0.28 | (0.27) | — | (0.27) |
Year Ended 8/31/2019 | $10.67 | 0.51 | 0.39 | 0.90 | (0.35) | — | (0.35) |
Year Ended 8/31/2018 | $12.01 | 0.53 | (1.29) | (0.76) | (0.58) | — | (0.58) |
Year Ended 8/31/2017
(d)
|
$11.57 | 0.47 | 0.31 | 0.78 | (0.34) | — | (0.34) |
Year Ended 10/31/2016 | $10.50 | 0.56 | 0.72 | 1.28 | (0.21) | — | (0.21) |
Year Ended 10/31/2015 | $11.32 | 0.53 | (1.11) | (0.58) | (0.23) | (0.01) | (0.24) |
Institutional Class | |||||||
Year Ended 8/31/2020 | $11.30 | 0.49 | (0.09) | 0.40 | (0.38) | — | (0.38) |
Year Ended 8/31/2019 | $10.75 | 0.62 | 0.39 | 1.01 | (0.46) | — | (0.46) |
Year Ended 8/31/2018 | $12.10 | 0.65 | (1.31) | (0.66) | (0.69) | — | (0.69) |
Year Ended 8/31/2017
(d)
|
$11.65 | 0.57 | 0.32 | 0.89 | (0.44) | — | (0.44) |
Year Ended 10/31/2016 | $10.57 | 0.67 | 0.73 | 1.40 | (0.32) | — | (0.32) |
Year Ended 10/31/2015 | $11.37 | 0.64 | (1.11) | (0.47) | (0.32) | (0.01) | (0.33) |
74 | Prospectus 2021 |
Net
asset value, end of period |
Total
Return |
Total gross
expense ratio to average net assets
(a)
|
Total net
expense ratio to average net assets
(a), (b)
|
Net investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
|
Class A
|
|||||||
Year Ended 8/31/2020 | $11.31 | 3.40% |
1.11%
(c)
|
1.11%
(c)
|
4.13% | 175% | $46,632 |
Year Ended 8/31/2019 | $11.29 | 9.33% |
1.11%
(c)
|
1.11%
(c)
|
5.40% | 106% | $54,778 |
Year Ended 8/31/2018 | $10.74 | (5.97%) | 1.13% | 1.13% | 5.33% | 64% | $61,421 |
Year Ended 8/31/2017
(d)
|
$12.09 | 7.68% |
1.17%
(e)
|
1.17%
(e)
|
5.63%
(e)
|
44% | $77,842 |
Year Ended 10/31/2016 | $11.64 | 13.30% | 1.20% | 1.20% | 5.91% | 44% | $135,877 |
Year Ended 10/31/2015 | $10.56 | (4.39%) | 1.15% |
1.15%
(f)
|
5.72% | 32% | $136,042 |
Advisor Class
|
|||||||
Year Ended 8/31/2020 | $11.33 | 3.65% |
0.85%
(c)
|
0.85%
(c)
|
4.51% | 175% | $4,799 |
Year Ended 8/31/2019 | $11.31 | 9.69% |
0.86%
(c)
|
0.86%
(c)
|
5.51% | 106% | $20,141 |
Year Ended 8/31/2018 | $10.75 | (5.80%) | 0.88% | 0.88% | 5.60% | 64% | $8,734 |
Year Ended 8/31/2017
(d)
|
$12.11 | 7.99% |
0.91%
(e)
|
0.91%
(e)
|
5.97%
(e)
|
44% | $8,758 |
Year Ended 10/31/2016 | $11.65 | 13.57% | 0.95% | 0.95% | 6.21% | 44% | $1,964 |
Year Ended 10/31/2015 | $10.57 | (4.19%) | 0.89% |
0.89%
(f)
|
5.99% | 32% | $1,578 |
Class C
|
|||||||
Year Ended 8/31/2020 | $11.23 | 2.55% |
1.86%
(c)
|
1.86%
(c)
|
3.39% | 175% | $8,881 |
Year Ended 8/31/2019 | $11.22 | 8.57% |
1.86%
(c)
|
1.86%
(c)
|
4.66% | 106% | $13,374 |
Year Ended 8/31/2018 | $10.67 | (6.63%) | 1.88% | 1.88% | 4.57% | 64% | $16,550 |
Year Ended 8/31/2017
(d)
|
$12.01 | 6.97% |
1.92%
(e)
|
1.92%
(e)
|
4.91%
(e)
|
44% | $20,307 |
Year Ended 10/31/2016 | $11.57 | 12.43% | 1.95% | 1.95% | 5.16% | 44% | $23,714 |
Year Ended 10/31/2015 | $10.50 | (5.11%) | 1.90% |
1.90%
(f)
|
4.96% | 32% | $31,610 |
Institutional Class
|
|||||||
Year Ended 8/31/2020 | $11.32 | 3.66% |
0.86%
(c)
|
0.86%
(c)
|
4.40% | 175% | $51,668 |
Year Ended 8/31/2019 | $11.30 | 9.60% |
0.86%
(c)
|
0.86%
(c)
|
5.65% | 106% | $71,443 |
Year Ended 8/31/2018 | $10.75 | (5.72%) | 0.88% | 0.88% | 5.57% | 64% | $81,762 |
Year Ended 8/31/2017
(d)
|
$12.10 | 7.90% |
0.92%
(e)
|
0.92%
(e)
|
5.94%
(e)
|
44% | $94,159 |
Year Ended 10/31/2016 | $11.65 | 13.57% | 0.95% | 0.95% | 6.17% | 44% | $75,526 |
Year Ended 10/31/2015 | $10.57 | (4.10%) | 0.90% |
0.90%
(f)
|
5.98% | 32% | $79,496 |
Prospectus 2021
|
75
|
Net asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Total
distributions to shareholders |
|
Institutional 2 Class
|
|||||||
Year Ended 8/31/2020 | $11.30 | 0.49 | (0.09) | 0.40 | (0.39) | — | (0.39) |
Year Ended 8/31/2019 | $10.74 | 0.63 | 0.40 | 1.03 | (0.47) | — | (0.47) |
Year Ended 8/31/2018 | $12.10 | 0.65 | (1.30) | (0.65) | (0.71) | — | (0.71) |
Year Ended 8/31/2017
(d)
|
$11.64 | 0.59 | 0.33 | 0.92 | (0.46) | — | (0.46) |
Year Ended 10/31/2016 | $10.56 | 0.70 | 0.72 | 1.42 | (0.34) | — | (0.34) |
Year Ended 10/31/2015 | $11.37 | 0.66 | (1.12) | (0.46) | (0.34) | (0.01) | (0.35) |
Institutional 3 Class
|
|||||||
Year Ended 8/31/2020 | $11.30 | 0.50 | (0.09) | 0.41 | (0.39) | — | (0.39) |
Year Ended 8/31/2019 | $10.75 | 0.64 | 0.39 | 1.03 | (0.48) | — | (0.48) |
Year Ended 8/31/2018 | $12.10 | 0.66 | (1.30) | (0.64) | (0.71) | — | (0.71) |
Year Ended 8/31/2017
(d)
|
$11.65 | 0.61 | 0.31 | 0.92 | (0.47) | — | (0.47) |
Year Ended 10/31/2016 | $10.57 | 0.71 | 0.72 | 1.43 | (0.35) | — | (0.35) |
Year Ended 10/31/2015 | $11.38 | 0.67 | (1.12) | (0.45) | (0.35) | (0.01) | (0.36) |
Class R
|
|||||||
Year Ended 8/31/2020 | $11.29 | 0.42 | (0.09) | 0.33 | (0.32) | — | (0.32) |
Year Ended 8/31/2019 | $10.73 | 0.56 | 0.40 | 0.96 | (0.40) | — | (0.40) |
Year Ended 8/31/2018 | $12.08 | 0.59 | (1.31) | (0.72) | (0.63) | — | (0.63) |
Year Ended 8/31/2017
(d)
|
$11.63 | 0.52 | 0.32 | 0.84 | (0.39) | — | (0.39) |
Year Ended 10/31/2016 | $10.55 | 0.62 | 0.73 | 1.35 | (0.27) | — | (0.27) |
Year Ended 10/31/2015 | $11.37 | 0.59 | (1.12) | (0.53) | (0.28) | (0.01) | (0.29) |
Notes to Financial Highlights
|
|
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Ratios include interest on collateral expense which is less than 0.01%. |
(d) | For the period from November 1, 2016 to August 31, 2017. During the period, the Fund’s fiscal year end was changed from October 31 to August 31. |
(e) | Annualized. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
76
|
Prospectus 2021
|
Net
asset value, end of period |
Total
Return |
Total gross
expense ratio to average net assets
(a)
|
Total net
expense ratio to average net assets
(a), (b)
|
Net investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
|
Institutional 2 Class
|
|||||||
Year Ended 8/31/2020 | $11.31 | 3.69% |
0.73%
(c)
|
0.73%
(c)
|
4.44% | 175% | $42,699 |
Year Ended 8/31/2019 | $11.30 | 9.83% |
0.75%
(c)
|
0.75%
(c)
|
5.75% | 106% | $35,131 |
Year Ended 8/31/2018 | $10.74 | (5.68%) | 0.75% | 0.74% | 5.60% | 64% | $36,419 |
Year Ended 8/31/2017
(d)
|
$12.10 | 8.18% |
0.76%
(e)
|
0.75%
(e)
|
6.10%
(e)
|
44% | $50,366 |
Year Ended 10/31/2016 | $11.64 | 13.82% | 0.74% | 0.74% | 6.34% | 44% | $18,615 |
Year Ended 10/31/2015 | $10.56 | (4.03%) | 0.72% | 0.72% | 6.19% | 32% | $8,384 |
Institutional 3 Class
|
|||||||
Year Ended 8/31/2020 | $11.32 | 3.83% |
0.68%
(c)
|
0.68%
(c)
|
4.53% | 175% | $184,834 |
Year Ended 8/31/2019 | $11.30 | 9.79% |
0.69%
(c)
|
0.69%
(c)
|
5.83% | 106% | $182,472 |
Year Ended 8/31/2018 | $10.75 | (5.54%) | 0.70% | 0.69% | 5.72% | 64% | $202,999 |
Year Ended 8/31/2017
(d)
|
$12.10 | 8.13% |
0.71%
(e)
|
0.70%
(e)
|
6.17%
(e)
|
44% | $173,174 |
Year Ended 10/31/2016 | $11.65 | 13.86% | 0.69% | 0.69% | 6.41% | 44% | $3,199 |
Year Ended 10/31/2015 | $10.57 | (3.99%) | 0.67% | 0.67% | 6.23% | 32% | $1,120 |
Class R
|
|||||||
Year Ended 8/31/2020 | $11.30 | 3.05% |
1.36%
(c)
|
1.36%
(c)
|
3.87% | 175% | $21,748 |
Year Ended 8/31/2019 | $11.29 | 9.16% |
1.36%
(c)
|
1.36%
(c)
|
5.15% | 106% | $24,620 |
Year Ended 8/31/2018 | $10.73 | (6.20%) | 1.38% | 1.38% | 5.07% | 64% | $27,218 |
Year Ended 8/31/2017
(d)
|
$12.08 | 7.46% |
1.42%
(e)
|
1.42%
(e)
|
5.43%
(e)
|
44% | $33,057 |
Year Ended 10/31/2016 | $11.63 | 13.03% | 1.45% | 1.45% | 5.64% | 44% | $21,289 |
Year Ended 10/31/2015 | $10.55 | (4.69%) | 1.40% |
1.40%
(f)
|
5.53% | 32% | $13,281 |
Prospectus 2021
|
77
|
■ | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs. |
■ | Shares purchased through an Ameriprise Financial Services investment advisory program (if an Advisory or similar share class for such investment advisory program is not available). |
■ | Shares purchased by third party investment advisors on behalf of their advisory clients through Ameriprise Financial Services’ platform (if an Advisory or similar share class for such investment advisory program is not available). |
■ | Shares purchased through reinvestment of dividends and capital gain distributions when purchasing shares of the same fund (but not any other fund within the Columbia Funds). |
■ | Shares exchanged from Class C shares of the same fund in the month of or following the 10-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges. |
■ | Employees and registered representatives of Ameriprise Financial Services or its affiliates and their immediate family members. |
■ | Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant. |
A-1 | Prospectus 2021 |
■ | Shares purchased from the proceeds of redemptions within the Columbia Funds, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., rights of reinstatement). |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Columbia Fund. |
■ | Share purchases by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird. |
■ | Shares purchased with the proceeds of redemptions from another Columbia Fund, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same accounts, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement). |
■ | A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares of the same Columbia Fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird. |
■ | Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs. |
■ | Shares sold due to death or disability of the shareholder. |
■ | Shares sold as part of a systematic withdrawal plan as described in this prospectus. |
■ | Shares purchased due to returns of excess contributions from an IRA account. |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations. |
■ | Shares sold to pay Baird fees but only if the transaction is initiated by Baird. |
■ | Shares acquired through a right of reinstatement. |
■ | Breakpoints as described in this prospectus. |
■ | Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts within the purchaser’s household at Baird. Eligible Columbia Fund assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases of Columbia Funds through Baird, over a 13-month period of time. |
Prospectus 2021 | A-2 |
■ | The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except any money market funds and retirement plan share classes) of Columbia Funds held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations ("pricing groups"). This includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible Columbia Fund assets in the rights of accumulation calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. |
■ | ROA is determined by calculating the higher of cost or market value (current shares x NAV). |
■ | Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible Columbia Fund assets in the LOI calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not covered under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. |
■ | Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from Edward Jones in good-standing. |
■ | Shares purchased in an Edward Jones fee-based program. |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment. |
■ | Shares purchased from the proceeds of redeemed shares of Columbia Funds so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account. |
■ | Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in this prospectus. |
A-3 | Prospectus 2021 |
■ | Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones. |
■ | The death or disability of the shareholder. |
■ | Systematic withdrawals with up to 10% per year of the account value. |
■ | Return of excess contributions from an Individual Retirement Account (IRA). |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations. |
■ | Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones. |
■ | Shares exchanged in an Edward Jones fee-based program. |
■ | Shares acquired through NAV reinstatement. |
■ | $250 initial purchase minimum |
■ | $50 subsequent purchase minimum |
■ | Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy: |
■ | A fee-based account held on an Edward Jones platform. |
■ | A 529 account held on an Edward Jones platform. |
■ | An account with an active systematic investment plan or letter of intent (LOI). |
■ | At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder's holdings in a fund to Class A shares. |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other Columbia Fund). |
■ | Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney. |
Prospectus 2021 | A-4 |
■ | Shares purchased from the proceeds of redemptions from another Columbia Fund, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement). |
■ | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans. |
■ | Shares acquired through a right of reinstatement. |
■ | Class C shares that are no longer subject to a CDSC and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures. |
■ | Shares sold upon the death or disability of the shareholder. |
■ | Shares sold as part of a systematic withdrawal plan as described in this prospectus. |
■ | Shares purchased in connection with a return of excess contributions from an IRA account. |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations. |
■ | Shares sold to pay Janney fees but only if the transaction is initiated by Janney. |
■ | Shares acquired through a right of reinstatement. |
■ | Shares exchanged into the same share class of a different fund. |
■ | Breakpoints as described in this prospectus. |
■ | Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts within the purchaser’s household at Janney. Eligible Columbia Fund assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of intent which allow for breakpoint discounts based on anticipated purchases within the Columbia Funds, over a 13-month time period. Eligible Columbia Fund assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
■ | Breakpoints as described in this prospectus. |
■ | Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in this prospectus will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at Merrill Lynch. Eligible Columbia Fund assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
A-5 | Prospectus 2021 |
■ | Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases of Columbia Funds, through Merrill Lynch, over a 13-month period of time (if applicable). |
■ | Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan. |
■ | Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents). |
■ | Shares purchased through a Merrill Lynch affiliated investment advisory program. |
■ | Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers. |
■ | Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform. |
■ | Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable). |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other Columbia Fund). |
■ | Shares exchanged from Class C (i.e., level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers. |
■ | Employees and registered representatives of Merrill Lynch or its affiliates and their family members. |
■ | Directors or Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in this prospectus. |
■ | Eligible shares purchased from the proceeds of redemptions from another Columbia Fund, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement. |
■ | Death or disability of the shareholder. |
■ | Shares sold as part of a systematic withdrawal plan as described in this prospectus. |
■ | Return of excess contributions from an IRA Account. |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code. |
■ | Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch. |
■ | Shares acquired through a right of reinstatement. |
■ | Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only). |
■ | Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers. |
Prospectus 2021 | A-6 |
■ | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans. |
■ | Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules. |
■ | Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund. |
■ | Shares purchased through a Morgan Stanley self-directed brokerage account. |
■ | Class C (i.e., level-load) shares that are no longer subject to a CDSC and are exchanged for Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class exchange program. |
■ | Shares purchased from the proceeds of redemptions from another Columbia Fund, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge. |
■ | Shares purchased in an investment advisory program. |
■ | Shares purchased within the Columbia Funds through a systematic reinvestment of capital gains and dividend distributions. |
■ | Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James. |
A-7 | Prospectus 2021 |
■ | Shares purchased from the proceeds of redemptions within the Columbia Funds, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). |
■ | A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
■ | Death or disability of the shareholder. |
■ | Shares sold as part of a systematic withdrawal plan as described in this prospectus. |
■ | Return of excess contributions from an IRA Account. |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in this prospectus. |
■ | Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James. |
■ | Shares acquired through a right of reinstatement. |
■ | Breakpoints as described in this prospectus. |
■ | Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts within the purchaser’s household at Raymond James. Eligible Columbia Fund assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of intent which allow for breakpoint discounts based on anticipated purchases within the Columbia Funds, over a 13-month time period. Eligible Columbia Fund assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
■ | For employer-sponsored retirement plans held through a commissionable brokerage account, Class A shares are available at NAV (i.e., without a sales charge). For this purpose, employer-sponsored retirement plans include, but are not limited to, 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans. |
Prospectus 2021 | A-8 |
Columbia Capital Allocation Aggressive Portfolio | ||
Class A: AXBAX | Class Adv: CPDAX | Class C: RBGCX |
Class Inst: CPAZX | Class Inst2: CPANX | Class Inst3: CPDIX |
Class R: CPARX | ||
Columbia Capital Allocation Conservative Portfolio | ||
Class A: ABDAX | Class Adv: CPCYX | Class C: RPCCX |
Class Inst: CBVZX | Class Inst2: CPAOX | Class Inst3: CPDHX |
Class R: CBVRX | ||
Columbia Capital Allocation Moderate Portfolio | ||
Class A: ABUAX | Class Adv: CPCZX | Class C: AMTCX |
Class Inst: CBMZX | Class Inst2: CPAMX | Class Inst3: CPDMX |
Class R: CBMRX | ||
Columbia Commodity Strategy Fund | ||
Class A: CCSAX | Class Adv: CCOMX | Class C: CCSCX |
Class Inst: CCSZX | Class Inst2: CADLX | Class Inst3: CCFYX |
Class R: CCSRX | ||
Columbia Disciplined Core Fund | ||
Class A: AQEAX | Class Adv: CLCQX | Class C: RDCEX |
Class Inst: CCRZX | Class Inst2: RSIPX | Class Inst3: CCQYX |
Class R: CLQRX | ||
Columbia Disciplined Growth Fund | ||
Class A: RDLAX | Class Adv: CGQFX | Class C: RDLCX |
Class Inst: CLQZX | Class Inst2: CQURX | Class Inst3: CGQYX |
Class R: CGQRX | ||
Columbia Disciplined Value Fund | ||
Class A: RLCAX | Class Adv: COLEX | Class C: RDCCX |
Class Inst: CVQZX | Class Inst2: COLVX | Class Inst3: COLYX |
Class R: RLCOX | Class V: CVQTX | |
Columbia Dividend Opportunity Fund | ||
Class A: INUTX | Class Adv: CDORX | Class C: ACUIX |
Class Inst: CDOZX | Class Inst2: RSDFX | Class Inst3: CDOYX |
Class R: RSOOX | ||
Columbia Emerging Markets Bond Fund | ||
Class A: REBAX | Class Adv: CEBSX | Class C: REBCX |
Class Inst: CMBZX | Class Inst2: CEBRX | Class Inst3: CEBYX |
Class R: CMBRX | ||
Columbia Flexible Capital Income Fund | ||
Class A: CFIAX | Class Adv: CFCRX | Class C: CFIGX |
Class Inst: CFIZX | Class Inst2: CFXRX | Class Inst3: CFCYX |
Class R: CFIRX | ||
Columbia Floating Rate Fund | ||
Class A: RFRAX | Class Adv: CFLRX | Class C: RFRCX |
Class Inst: CFRZX | Class Inst2: RFRFX | Class Inst3: CFRYX |
Class R: CFRRX | ||
Columbia Global Equity Value Fund | ||
Class A: IEVAX | Class Adv: RSEVX | Class C: REVCX |
Class Inst: CEVZX | Class Inst2: RSEYX | Class Inst3: CEVYX |
Class R: REVRX | ||
Columbia Global Opportunities Fund | ||
Class A: IMRFX | Class Adv: CSDRX | Class C: RSSCX |
Class Inst: CSAZX | Class Inst2: CLNRX | Class Inst3: CGOYX |
Class R: CSARX | ||
Columbia Government Money Market Fund | ||
Class A: IDSXX | Class C: RCCXX | Class Inst: IDYXX |
Class Inst2: CMRXX | Class Inst3: CGMXX | Class R: RVRXX |
Columbia High Yield Bond Fund | ||
Class A: INEAX | Class Adv: CYLRX | Class C: APECX |
Class Inst: CHYZX | Class Inst2: RSHRX | Class Inst3: CHYYX |
Class R: CHBRX |
Columbia Income Builder Fund | ||
Class A: RBBAX | Class Adv: CNMRX | Class C: RBBCX |
Class Inst: CBUZX | Class Inst2: CKKRX | Class Inst3: CIBYX |
Class R: CBURX | ||
Columbia Income Opportunities Fund | ||
Class A: AIOAX | Class Adv: CPPRX | Class C: RIOCX |
Class Inst: CIOZX | Class Inst2: CEPRX | Class Inst3: CIOYX |
Class R: CIORX | ||
Columbia Large Cap Value Fund | ||
Class A: INDZX | Class Adv: RDERX | Class C: ADECX |
Class Inst: CDVZX | Class Inst2: RSEDX | Class Inst3: CDEYX |
Class R: RDEIX | ||
Columbia Limited Duration Credit Fund | ||
Class A: ALDAX | Class Adv: CDLRX | Class C: RDCLX |
Class Inst: CLDZX | Class Inst2: CTLRX | Class Inst3: CLDYX |
Columbia Minnesota Tax-Exempt Fund | ||
Class A: IMNTX | Class Adv: CLONX | Class C: RMTCX |
Class Inst: CMNZX | Class Inst2: CADOX | Class Inst3: CMNYX |
Columbia Mortgage Opportunities Fund | ||
Class A: CLMAX | Class Adv: CLMFX | Class C: CLMCX |
Class Inst: CLMZX | Class Inst2: CLMVX | Class Inst3: CMOYX |
Columbia Overseas Core Fund | ||
Class A: COSAX | Class Adv: COSDX | Class C: COSCX |
Class Inst: COSNX | Class Inst2: COSTX | Class Inst3: COSOX |
Class R: COSRX | ||
Columbia Quality Income Fund | ||
Class A: AUGAX | Class Adv: CUVRX | Class C: AUGCX |
Class Inst: CUGZX | Class Inst2: CGVRX | Class Inst3: CUGYX |
Class R: CUGUX | ||
Columbia Select Global Equity Fund | ||
Class A: IGLGX | Class Adv: CSGVX | Class C: RGCEX |
Class Inst: CGEZX | Class Inst2: RGERX | Class Inst3: CSEYX |
Class R: CGERX | ||
Columbia Select Large Cap Value Fund | ||
Class A: SLVAX | Class Adv: CSERX | Class C: SVLCX |
Class Inst: CSVZX | Class Inst2: SLVIX | Class Inst3: CSRYX |
Class R: SLVRX | ||
Columbia Select Small Cap Value Fund | ||
Class A: SSCVX | Class Adv: CSPRX | Class C: SVMCX |
Class Inst: CSSZX | Class Inst2: SSVIX | Class Inst3: CSSYX |
Class R: SSVRX | ||
Columbia Seligman Communications and
Information Fund |
||
Class A: SLMCX | Class Adv: SCIOX | Class C: SCICX |
Class Inst: CCIZX | Class Inst2: SCMIX | Class Inst3: CCOYX |
Class R: SCIRX | ||
Columbia Seligman Global Technology Fund | ||
Class A: SHGTX | Class Adv: CCHRX | Class C: SHTCX |
Class Inst: CSGZX | Class Inst2: SGTTX | Class Inst3: CGTYX |
Class R: SGTRX | ||
Columbia Strategic Municipal Income Fund | ||
Class A: INTAX | Class Adv: CATRX | Class C: RTCEX |
Class Inst: CATZX | Class Inst2: CADNX | Class Inst3: CATYX |
Multi-Manager Value Strategies Fund | ||
Class Inst: CZMVX | Class Inst3: CVSDX |
§ | This share class is not currently available for purchase. |
* | The Fund’s Board of Trustees has approved a Plan of Liquidation and Termination pursuant to which the Fund is expected to be liquidated on or about May 7, 2021. Please refer to the Fund’s prospectus for further details regarding the liquidation. |
Fund Name and Fiscal Year End: | Shareholder Report: |
January 31 | |
Columbia Fund Series Trust
Columbia Capital Allocation Moderate Aggressive Portfolio Columbia Capital Allocation Moderate Conservative Portfolio |
Annual Report |
Columbia Fund Series Trust II
Columbia Capital Allocation Aggressive Portfolio Columbia Capital Allocation Conservative Portfolio Columbia Capital Allocation Moderate Portfolio Columbia Income Builder Fund |
Annual Report |
February 28/29 | |
Columbia Fund Series Trust
Columbia Convertible Securities Fund Columbia Large Cap Enhanced Core Fund Columbia Large Cap Growth Opportunity Fund Columbia Large Cap Index Fund Columbia Mid Cap Index Fund Columbia Overseas Value Fund Columbia Select Large Cap Equity Fund Columbia Select Mid Cap Value Fund Columbia Small Cap Index Fund Columbia Small Cap Value Fund II |
Annual Report |
Columbia Fund Series Trust II
Columbia Global Equity Value Fund Columbia Overseas Core Fund |
Annual Report |
March 31
Columbia Short Term Bond Fund |
Annual Report |
April 30
Columbia California Intermediate Municipal Bond Fund Columbia Georgia Intermediate Municipal Bond Fund Columbia Maryland Intermediate Municipal Bond Fund Columbia North Carolina Intermediate Municipal Bond Fund Columbia Short Term Municipal Bond Fund Columbia South Carolina Intermediate Municipal Bond Fund Columbia Virginia Intermediate Municipal Bond Fund |
Annual Report |
May 31
Columbia Commodity Strategy Fund Columbia Dividend Opportunity Fund Columbia Flexible Capital Income Fund Columbia High Yield Bond Fund Columbia Large Cap Value Fund Columbia Mortgage Opportunities Fund Columbia Quality Income Fund Columbia Select Large Cap Value Fund Columbia Select Small Cap Value Fund Columbia Seligman Communications and Information Fund Multi-Manager Value Strategies Fund |
Annual Report |
Fund Name and Fiscal Year End: | Shareholder Report: |
July 31
Columbia Disciplined Core Fund Columbia Disciplined Growth Fund Columbia Disciplined Value Fund Columbia Floating Rate Fund Columbia Global Opportunities Fund Columbia Government Money Market Fund Columbia Income Opportunities Fund Columbia Limited Duration Credit Fund Columbia Minnesota Tax-Exempt Fund Columbia Strategic Municipal Fund |
Annual Report |
August 31
Columbia Emerging Markets Bond Fund |
Annual Report |
October 31
Columbia Select Global Equity Fund Columbia Seligman Global Technology Fund |
Annual Report |
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7 |
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10 |
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20 |
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20 |
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56 |
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87 |
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88 |
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88 |
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90 |
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90 |
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106 |
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110 |
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113 |
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113 |
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115 |
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120 |
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120 |
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123 |
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128 |
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128 |
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129 |
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131 |
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131 |
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147 |
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154 |
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157 |
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159 |
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164 |
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174 |
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174 |
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177 |
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177 |
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180 |
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199 |
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252 |
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A-1 |
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B-1 |
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C-1 |
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D-1 |
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S-1 |
Statement of Additional Information – January 1, 2021 | 1 |
■ | the organization of each Trust; |
■ | the Funds' investments; |
■ | the Funds' investment adviser, investment subadviser(s) (if any) and other service providers, including roles and relationships of Ameriprise Financial and its affiliates, and conflicts of interest; |
■ | the governance of the Funds; |
■ | the Funds' brokerage practices; |
■ | the share classes offered by the Funds; |
■ | the purchase, redemption and pricing of Fund shares; and |
■ | the application of U.S. federal income tax laws. |
1933 Act | Securities Act of 1933, as amended |
1934 Act | Securities Exchange Act of 1934, as amended |
1940 Act | Investment Company Act of 1940, as amended |
Ameriprise Financial | Ameriprise Financial, Inc. |
Bank of America | Bank of America Corporation |
Board | A Trust’s Board of Trustees |
Statement of Additional Information – January 1, 2021 | 2 |
Business Day | Any day on which the NYSE is open for business. A business day typically ends at the close of regular trading on the NYSE, usually at 4:00 p.m. Eastern time. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. The Fund will not treat an intraday unscheduled disruption in NYSE trading or an intraday unscheduled closing as a close of regular trading on the NYSE for these purposes and will price its shares as of the regularly scheduled closing time for that day (typically, 4:00 p.m. Eastern time). Notwithstanding the foregoing, the NAV of Fund shares may be determined at such other time or times (in addition to or in lieu of the time set forth above) as the Fund’s Board may approve or ratify. On holidays and other days when the NYSE is closed, the Fund's NAV is not calculated and the Fund does not accept buy or sell orders. However, the value of the Fund's assets may still be affected on such days to the extent that the Fund holds foreign securities that trade on days that foreign securities markets are open. |
Capital Allocation Portfolios | Collectively, Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio and Columbia Capital Allocation Moderate Portfolio |
CEA | Commodity Exchange Act |
CFST | Columbia Funds Series Trust |
CFST I | Columbia Funds Series Trust I |
CFST II | Columbia Funds Series Trust II |
CFTC | The United States Commodity Futures Trading Commission |
Code | Internal Revenue Code of 1986, as amended |
Codes of Ethics | The codes of ethics adopted by the Funds, the Investment Manager, Columbia Management Investment Distributors, Inc. and/or any sub-adviser, as applicable, pursuant to Rule 17j-1 under the 1940 Act |
Columbia Funds or Columbia Funds Complex | The fund complex, including the Funds, that is comprised of the registered investment companies, including traditional mutual funds, closed-end funds, and ETFs, advised by the Investment Manager or its affiliates |
Columbia Management | Columbia Management Investment Advisers, LLC |
Custodian | JPMorgan Chase Bank, N.A. |
DBRS | DBRS Morningstar |
DFA | Dimensional Fund Advisors LP |
Diamond Hill | Diamond Hill Capital Management, Inc. |
Distribution Agreement | The Distribution Agreement between a Trust, on behalf of its Funds, and the Distributor |
Distribution Plan(s) | One or more of the plans adopted by the Board pursuant to Rule 12b-1 under the 1940 Act for the distribution of the Funds’ shares |
Distributor | Columbia Management Investment Distributors, Inc. |
DST | DST Asset Manager Solutions, Inc. |
FDIC | Federal Deposit Insurance Corporation |
FHLMC | The Federal Home Loan Mortgage Corporation |
Fitch | Fitch Ratings, Inc. |
FNMA | Federal National Mortgage Association |
The Fund(s) or a Fund | One or more of the open-end management investment companies listed on the front cover of this SAI |
GNMA | Government National Mortgage Association |
Independent Trustees | The Trustees of the Board who are not “interested persons” (as defined in the 1940 Act) of the Funds |
Interested Trustee | A Trustee of the Board who is currently deemed to be an “interested person” (as defined in the 1940 Act) of the Funds |
Statement of Additional Information – January 1, 2021 | 3 |
Investment Manager | Columbia Management Investment Advisers, LLC |
IRS | United States Internal Revenue Service |
JPMorgan | JPMorgan Chase Bank, N.A., the Funds' custodian |
KBRA | Kroll Bond Rating Agency |
LIBOR | London Interbank Offered Rate* |
Management Agreement | The Management Agreements, as amended, if applicable, between a Trust, on behalf of the Funds, and the Investment Manager |
Moody’s | Moody’s Investors Service, Inc. |
Multi-Manager Strategies Funds | Multi-Manager Alternative Strategies Fund, Multi-Manager Directional Alternative Strategies Fund, Multi-Manager Growth Strategies Fund, Multi-Manager International Equity Strategies Fund, Multi-Manager Small Cap Equity Strategies Fund, Multi-Manager Total Return Bond Strategies Fund and Multi-Manager Value Strategies Fund. Shares of the Multi-Manager Strategies Funds are offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. or its affiliates. |
NASDAQ | National Association of Securities Dealers Automated Quotations system |
Nations Funds | The Funds within the Columbia Funds Complex that historically bore the Nations brand and includes series of CFST |
NAV | Net asset value per share of a Fund |
NRSRO | Nationally recognized statistical ratings organization (such as, for example, Moody’s, Fitch or S&P) |
NSCC | National Securities Clearing Corporation |
NYSE | New York Stock Exchange |
PwC | PricewaterhouseCoopers LLP |
REIT | Real estate investment trust |
REMIC | Real estate mortgage investment conduit |
RIC | A “regulated investment company,” as such term is used in the Code |
RiverSource Funds | The Funds within the Columbia Funds Complex that historically bore the RiverSource brand and includes series of CFST II |
S&P | Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“Standard & Poor’s” and “S&P” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Investment Manager. The Columbia Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Columbia Funds) |
SAI | This Statement of Additional Information, as amended and supplemented from time-to-time |
SEC | United States Securities and Exchange Commission |
Shares | Shares of a Fund |
SOFR | Secured Overnight Financing Rate |
State Tax-Exempt Funds and State Municipal Bond Funds | Collectively, CA Intermediate Municipal Bond Fund, GA Intermediate Municipal Bond Fund, MD Intermediate Municipal Bond Fund, MN Tax-Exempt Fund, NC Intermediate Municipal Bond Fund, SC Intermediate Municipal Bond Fund and VA Intermediate Municipal Bond Fund |
Subadvisory Agreement | The Subadvisory Agreement among the Trust on behalf of the Fund(s), the Investment Manager and a Fund’s investment subadviser(s), as the context may require |
Subsidiary | One or more wholly-owned subsidiaries of a Fund |
Threadneedle | Threadneedle International Limited |
Transfer Agency Agreement | The Transfer and Dividend Disbursing Agent Agreement between a Trust, on behalf of its Funds, and the Transfer Agent |
Transfer Agent | Columbia Management Investment Services Corp. |
Statement of Additional Information – January 1, 2021 | 4 |
Trustee(s) | One or more members of the Board |
Trusts | CFST and CFST II, the registered investment companies in the Columbia Funds Complex to which this SAI relates |
VP – Managed Volatility Funds | Any variable portfolio fund that includes the words “Managed Risk,” “Managed Volatility,” or “U.S. Flexible” as part of the Fund’s name |
* | On July 27, 2017, the head of the United Kingdom’s Financial Conduct Authority announced a desire to phase out the use of LIBOR by the end of 2021. There remains uncertainty regarding the future utilization of LIBOR and the nature of any replacement rate. |
Fund Name: | Referred to as: | |
Columbia California Intermediate Municipal Bond Fund | CA Intermediate Municipal Bond Fund | |
Columbia Capital Allocation Aggressive Portfolio | Capital Allocation Aggressive Portfolio | |
Columbia Capital Allocation Conservative Portfolio | Capital Allocation Conservative Portfolio | |
Columbia Capital Allocation Moderate Aggressive Portfolio | Capital Allocation Moderate Aggressive Portfolio | |
Columbia Capital Allocation Moderate Conservative Portfolio | Capital Allocation Moderate Conservative Portfolio | |
Columbia Capital Allocation Moderate Portfolio | Capital Allocation Moderate Portfolio | |
Columbia Commodity Strategy Fund | Commodity Strategy Fund | |
Columbia Convertible Securities Fund | Convertible Securities Fund | |
Columbia Disciplined Core Fund | Disciplined Core Fund | |
Columbia Disciplined Growth Fund | Disciplined Growth Fund | |
Columbia Disciplined Value Fund | Disciplined Value Fund | |
Columbia Dividend Opportunity Fund | Dividend Opportunity Fund | |
Columbia Emerging Markets Bond Fund | Emerging Markets Bond Fund | |
Columbia Flexible Capital Income Fund | Flexible Capital Income Fund | |
Columbia Floating Rate Fund | Floating Rate Fund | |
Columbia Georgia Intermediate Municipal Bond Fund | GA Intermediate Municipal Bond Fund | |
Columbia Global Equity Value Fund | Global Equity Value Fund | |
Columbia Global Opportunities Fund | Global Opportunities Fund | |
Columbia Government Money Market Fund | Government Money Market Fund | |
Columbia High Yield Bond Fund | High Yield Bond Fund | |
Columbia Income Builder Fund | Income Builder Fund | |
Columbia Income Opportunities Fund | Income Opportunities Fund | |
Columbia Large Cap Enhanced Core Fund | Large Cap Enhanced Core Fund | |
Columbia Large Cap Growth Opportunity Fund | Large Cap Growth Opportunity Fund | |
Columbia Large Cap Index Fund | Large Cap Index Fund | |
Columbia Large Cap Value Fund | Large Cap Value Fund | |
Columbia Limited Duration Credit Fund | Limited Duration Credit Fund | |
Columbia Maryland Intermediate Municipal Bond Fund | MD Intermediate Municipal Bond Fund | |
Columbia Mid Cap Index Fund | Mid Cap Index Fund | |
Columbia Minnesota Tax-Exempt Fund | MN Tax-Exempt Fund | |
Columbia Mortgage Opportunities Fund | Mortgage Opportunities Fund | |
Columbia North Carolina Intermediate Municipal Bond Fund | NC Intermediate Municipal Bond Fund | |
Columbia Overseas Core Fund | Overseas Core Fund | |
Columbia Overseas Value Fund | Overseas Value Fund | |
Columbia Quality Income Fund | Quality Income Fund | |
Columbia Select Global Equity Fund | Select Global Equity Fund | |
Columbia Select Large Cap Equity Fund | Select Large Cap Equity Fund |
Statement of Additional Information – January 1, 2021 | 5 |
Fund Name: | Referred to as: | |
Columbia Select Large Cap Value Fund | Select Large Cap Value Fund | |
Columbia Select Mid Cap Value Fund | Select Mid Cap Value Fund | |
Columbia Select Small Cap Value Fund | Select Small Cap Value Fund | |
Columbia Seligman Communications and Information Fund | Seligman Communications and Information Fund | |
Columbia Seligman Global Technology Fund | Seligman Global Technology Fund | |
Columbia Short Term Bond Fund | Short Term Bond Fund | |
Columbia Short Term Municipal Bond Fund | Short Term Municipal Bond Fund | |
Columbia Small Cap Index Fund | Small Cap Index Fund | |
Columbia Small Cap Value Fund II | Small Cap Value Fund II | |
Columbia South Carolina Intermediate Municipal Bond Fund | SC Intermediate Municipal Bond Fund | |
Columbia Strategic Municipal Income Fund | Strategic Municipal Income Fund | |
Columbia Virginia Intermediate Municipal Bond Fund | VA Intermediate Municipal Bond Fund | |
Multi-Manager Value Strategies Fund | MM Value Strategies Fund |
Statement of Additional Information – January 1, 2021 | 6 |
Fund | Fiscal Year End | Prospectus Date |
Date Began
Operations* |
Diversified** |
Fund Investment
Category*** |
CA Intermediate Municipal Bond Fund | April 30 | 9/1/2020 | 8/19/2002 | Yes | Tax-exempt fixed income |
Capital Allocation Aggressive Portfolio | January 31 | 6/1/2020 | 3/4/2004 | Yes | Fund-of-funds – equity |
Capital Allocation Conservative Portfolio | January 31 | 6/1/2020 | 3/4/2004 | Yes | Fund-of-funds – fixed income |
Capital Allocation Moderate Aggressive Portfolio | January 31 | 6/1/2020 | 10/15/1996 | Yes | Fund-of-funds – equity |
Capital Allocation Moderate Conservative Portfolio | January 31 | 6/1/2020 | 10/15/1996 | Yes | Fund-of-funds – fixed income |
Capital Allocation Moderate Portfolio | January 31 | 6/1/2020 | 3/4/2004 | Yes | Fund-of-funds – equity |
Commodity Strategy Fund | May 31 | 10/1/2020 | 7/28/2011 | Yes | Equity |
Convertible Securities Fund | February 28/29 | 7/1/2020 | 9/25/1987 | Yes | Equity |
Disciplined Core Fund | July 31 | 12/1/2020 | 4/24/2003 | Yes | Equity |
Disciplined Growth Fund | July 31 | 12/1/2020 | 5/17/2007 | Yes | Equity |
Disciplined Value Fund | July 31 | 12/1/2020 | 8/1/2008 | Yes | Equity |
Dividend Opportunity Fund | May 31 | 10/1/2020 | 8/1/1988 | Yes | Equity |
Emerging Markets Bond Fund | August 31 | 1/1/2021 | 2/16/2006 | No | Taxable fixed income |
Flexible Capital Income Fund | May 31 | 10/1/2020 | 7/28/2011 | Yes | Flexible |
Floating Rate Fund | July 31 | 12/1/2020 | 2/16/2006 | Yes | Taxable fixed income |
GA Intermediate Municipal Bond Fund | April 30 | 9/1/2020 | 3/1/1992 | Yes | Tax-exempt fixed income |
Global Equity Value Fund | February 28/29 | 7/1/2020 | 5/14/1984 | Yes | Equity |
Global Opportunities Fund | July 31 | 12/1/2020 | 1/28/1985 | Yes | Flexible |
Government Money Market Fund | July 31 | 12/1/2020 | 10/6/1975 | Yes | Taxable money market |
High Yield Bond Fund | May 31 | 10/1/2020 | 12/8/1983 | Yes | Taxable fixed income |
Income Builder Fund | January 31 | 6/1/2020 | 2/16/2006 | Yes | Fund-of-funds – fixed income |
Income Opportunities Fund | July 31 | 12/1/2020 | 6/19/2003 | Yes | Taxable fixed income |
Large Cap Enhanced Core Fund | February 28/29 | 7/1/2020 | 7/31/1996 | Yes | Equity |
Large Cap Growth Opportunity Fund | February 28/29 | 7/1/2020 | 12/31/1997 | Yes | Equity |
Large Cap Index Fund | February 28/29 | 7/1/2020 | 12/15/1993 | Yes | Equity |
Large Cap Value Fund | May 31 | 10/1/2020 | 10/15/1990 | Yes | Equity |
Limited Duration Credit Fund | July 31 | 12/1/2020 | 6/19/2003 | Yes | Taxable fixed income |
MD Intermediate Municipal Bond Fund | April 30 | 9/1/2020 | 9/1/1990 | No | Tax-exempt fixed income |
Mid Cap Index Fund | February 28/29 | 7/1/2020 | 3/31/2000 | Yes | Equity |
MM Value Strategies Fund | May 31 | 10/1/2020 | 4/20/2012 | Yes | Equity |
Statement of Additional Information – January 1, 2021 | 7 |
Fund | Fiscal Year End | Prospectus Date |
Date Began
Operations* |
Diversified** |
Fund Investment
Category*** |
MN Tax-Exempt Fund | July 31 | 12/1/2020 | 8/18/1986 | No | Tax-exempt fixed income |
Mortgage Opportunities Fund | May 31 | 10/1/2020 | 4/30/2014 | No | Taxable fixed income |
NC Intermediate Municipal Bond Fund | April 30 | 9/1/2020 | 12/11/1992 | Yes | Tax-exempt fixed income |
Overseas Core Fund | February 28/29 | 7/1/2020 | 3/5/2018 | Yes | Equity |
Overseas Value Fund | February 28/29 | 7/1/2020 | 3/31/2008 | Yes | Equity |
Quality Income Fund | May 31 | 10/1/2020 | 2/14/2002 | Yes | Taxable fixed income |
SC Intermediate Municipal Bond Fund | April 30 | 9/1/2020 | 1/6/1992 | Yes | Tax-exempt fixed income |
Select Global Equity Fund | October 31 | 3/1/2020 | 5/29/1990 | Yes | Equity |
Select Large Cap Equity Fund | February 28/29 | 7/1/2020 | 10/2/1998 | Yes | Equity |
Select Large Cap Value Fund | May 31 | 10/1/2020 | 4/25/1997 | Yes | Equity |
Select Mid Cap Value Fund | February 28/29 | 7/1/2020 | 11/20/2001 | Yes | Equity |
Select Small Cap Value Fund | May 31 | 10/1/2020 | 4/25/1997 | Yes | Equity |
Seligman Communications and Information Fund | May 31 | 10/1/2020 | 6/23/1983 | No | Equity |
Seligman Global Technology Fund | October 31 | 3/1/2020 | 5/23/1994 | No | Equity |
Short Term Bond Fund | March 31 | 8/1/2020 | 9/30/1992 | Yes | Taxable fixed income |
Short Term Municipal Bond Fund | April 30 | 9/1/2020 | 10/7/1993 | Yes | Tax-exempt fixed income |
Small Cap Index Fund | February 28/29 | 7/1/2020 | 10/15/1996 | Yes | Equity |
Small Cap Value Fund II | February 28/29 | 7/1/2020 | 5/1/2002 | Yes | Equity |
Strategic Municipal Income Fund | July 31 | 12/1/2020 | 11/24/1976 | Yes | Tax-exempt fixed income |
VA Intermediate Municipal Bond Fund | April 30 | 9/1/2020 | 9/20/1989 | Yes | Tax-exempt fixed income |
* | Certain Funds reorganized into series of the Trust. The date of operations for these Funds represents the date on which the predecessor funds began operation. |
** | A “diversified” Fund may not, with respect to 75% of its total assets, invest more than 5% of its total assets in securities of any one issuer or purchase more than 10% of the outstanding voting securities of any one issuer, except obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities and except securities of other investment companies. A “non-diversified” Fund may invest a greater percentage of its total assets in the securities of fewer issuers than a “diversified” fund, which increases the risk that a change in the value of any one investment held by the Fund could affect the overall value of the Fund more than it would affect that of a “diversified” fund holding a greater number of investments. Accordingly, a “non-diversified” Fund’s value will likely be more volatile than the value of a more diversified fund. |
*** | The Fund Investment Category is used as a convenient way to describe Funds in this SAI and should not be deemed a description of the Fund’s principal investment strategies, which are described in the Fund’s prospectus. |
Statement of Additional Information – January 1, 2021 | 8 |
Fund* | Effective Date of Name Change | Previous Fund Name |
CA Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free California Intermediate Muni Bond Fund |
GA Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free Georgia Intermediate Muni Bond Fund |
Government Money Market Fund | October 1, 2016 | Columbia Money Market Fund |
Large Cap Growth Opportunity Fund | January 10, 2020 | Large Cap Growth Fund III |
Large Cap Value Fund | February 28, 2018 | Columbia Diversified Equity Income Fund |
MD Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free Maryland Intermediate Muni Bond Fund |
MM Value Strategies Fund | February 28, 2017 | Active Portfolios® Multi-Manager Value Fund |
NC Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free North Carolina Intermediate Muni Bond Fund |
Quality Income Fund | April 20, 2018 | Columbia U.S. Government Mortgage Fund |
SC Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free South Carolina Intermediate Muni Bond Fund |
Select Large Cap Value Fund | October 1, 2018 | Columbia Select Large-Cap Value Fund |
Select Mid Cap Value Fund | July 1, 2018 | Columbia Mid Cap Value Fund |
Select Small Cap Value Fund | October 1, 2018 | Columbia Select Smaller-Cap Value Fund |
Strategic Municipal Income Fund | April 18, 2016 | Columbia AMT-Free Tax-Exempt Bond Fund |
VA Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free Virginia Intermediate Muni Bond Fund |
Statement of Additional Information – January 1, 2021 | 9 |
Fund |
A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
J
Buy on margin/ sell short |
CA Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Capital Allocation Aggressive Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Capital Allocation Conservative Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Capital Allocation Moderate Aggressive Portfolio | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Capital Allocation Moderate Conservative Portfolio | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Capital Allocation Moderate Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Commodity Strategy Fund | A1 | B8 | C5 | D5 | — | F1 | G1 | H1 | I1 | — |
Convertible Securities Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Disciplined Core Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Disciplined Growth Fund | A1 | B2 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Disciplined Value Fund | A1 | B2 | C5 | D1 | — | F1 | G1 | H1 | I1 | — |
Dividend Opportunity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Emerging Markets Bond Fund | A1 | B3 | — | D3 | — | F1 | G1 | H1 | I1 | — |
Flexible Capital Income Fund | A1 | B8 | C5 | D5 | — | F1 | G1 | H1 | I1 | — |
Floating Rate Fund | A1 | B3 | C1 | D4 | — | F1 | G1 | H1 | I1 | — |
Statement of Additional Information – January 1, 2021 | 10 |
Fund |
A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
J
Buy on margin/ sell short |
GA Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Global Equity Value Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Global Opportunities Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Government Money Market Fund | A2 | A2 | C1 | D13 | — | F1 | G1 | H1 | I1 | J1 |
High Yield Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Income Builder Fund | A1 | B3 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Income Opportunities Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Large Cap Enhanced Core Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Growth Opportunity Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Index Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Value Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Limited Duration Credit Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
MD Intermediate Municipal Bond Fund | A4 | B5 | — | D6 | E3 | F3 | G3 | H2 | I3 | — |
Mid Cap Index Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
MM Value Strategies Fund | A1 | B7 | C5 | D12 | — | F1 | G1 | H1 | I1 | — |
MN Tax-Exempt Fund | A1 | B1 | — | D7 | E1 | F1 | G1 | H1 | I1 | — |
Mortgage Opportunities Fund | A1 | B1 | — | D11 | — | F1 | G1 | H1 | I1 | — |
NC Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Overseas Core Fund | A6 | B9 | C5 | D14 | — | F5 | G5 | H4 | I1 | — |
Overseas Value Fund | A5 | B6 | C4 | D12 | — | F4 | G4 | H3 | I4 | — |
Quality Income Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
SC Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Select Global Equity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Select Large Cap Equity Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Large Cap Value Fund | A3 | B4 | C3 | D10 | — | F2 | G2 | I2 | I2 | J2 |
Select Mid Cap Value Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Small Cap Value Fund | A3 | B4 | C3 | D10 | — | F2 | G2 | I2 | I2 | J2 |
Seligman Communications and Information Fund | A3 | B4 | — | D9 | — | F2 | G2 | I2 | I2 | J2 |
Seligman Global Technology Fund | A3 | B4 | — | D8 | — | F2 | G2 | I2 | I2 | J2 |
Short Term Bond Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Short Term Municipal Bond Fund | A4 | B5 | C2 | D6 | E4 | F3 | G3 | H2 | I3 | — |
Small Cap Index Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Small Cap Value Fund II | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Strategic Municipal Income Fund | A1 | B1 | C1 | D7 | E2 | F1 | G1 | H1 | I1 | — |
VA Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
A. | Buy or sell real estate |
A1 – | The Fund will not buy or sell real estate, unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from investing in securities or other instruments backed by real estate or securities of companies engaged in the real estate business or real estate investment trusts. For purposes of this policy, real estate includes real estate limited partnerships. |
A2 – | The Fund will not buy or sell real estate, commodities or commodity contracts. For purposes of this policy, real estate includes real estate limited partnerships. |
Statement of Additional Information – January 1, 2021 | 11 |
A3 – | The Fund will not purchase or hold any real estate, except that a Fund may invest in securities secured by real estate or interests therein or issued by persons (other than real estate investment trusts) which deal in real estate or interests therein. |
A4 – | The Fund may not purchase or sell real estate, except the Fund may purchase securities of issuers which deal or invest in real estate and may purchase securities which are secured by real estate or interests in real estate. |
A5 – | The Fund may not purchase or sell real estate, except the Fund may: (i) purchase securities of issuers which deal or invest in real estate, (ii) purchase securities which are secured by real estate or interests in real estate and (iii) hold and dispose of real estate or interests in real estate acquired through the exercise of its rights as a holder of securities which are secured by real estate or interests therein. |
A6 – | The Fund will not buy or sell real estate, unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from investing in: (i) securities or other instruments backed by real estate or interests in real estate, (ii) securities or other instruments of issuers or entities that deal in real estate or are engaged in the real estate business, (iii) real estate investment trusts (REITs) or entities similar to REITs formed under the laws of non-U.S. countries or (iv) real estate or interests in real estate acquired through the exercise of its rights as a holder of securities secured by real estate or interests therein. |
B. | Buy or sell physical commodities* |
B1 – | The Fund will not buy or sell physical commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from buying or selling options and futures contracts (and, in the case of Mortgage Opportunities Fund, swaps) or from investing in securities or other instruments backed by, or whose value is derived from, physical commodities. |
B2 – | The Fund will not buy or sell physical commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from buying or selling options, futures contracts and foreign currency or from investing in securities or other instruments backed by, or whose value is derived from, physical commodities. |
B3 – | The Fund will not buy or sell physical commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from buying or selling options, futures contracts and foreign currency or from entering into forward currency contracts or from investing in securities or other instruments backed by, or whose value is derived from, physical commodities. |
B4 – | The Fund will not purchase or sell commodities or commodity contracts, except to the extent permissible under applicable law and interpretations, as they may be amended from time to time. |
B5 – | The Fund may not purchase or sell commodities, except that the Fund may, to the extent consistent with its investment objective, invest in securities of companies that purchase or sell commodities or which invest in such programs, and purchase and sell options, forward contracts, futures contracts, and options on futures contracts. This limitation does not apply to foreign currency transactions, including, without limitation, forward currency contracts. |
B6 – | The Fund may not purchase or sell commodities, except that the Fund may to the extent consistent with its investment objective: (i) invest in securities of companies that purchase or sell commodities or which invest in such programs, (ii) purchase and sell options, forward contracts, futures contracts, and options on futures contracts and (iii) enter into swap contracts and other financial transactions relating to commodities. This limitation does not apply to foreign currency transactions including without limitation forward currency contracts. |
B7 – | The Fund will not buy or sell commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from transacting in derivative instruments relating to commodities, including but not limited to, buying or selling options, swap contracts or futures contracts, or from investing in securities or other instruments backed by, or whose value is derived from, commodities. |
B8 – | The Fund will not buy or sell physical commodities, except that the Fund may to the extent consistent with its investment objective(s), invest in securities of companies that purchase or sell commodities or commodities contracts or which invest in such programs, and the Fund may, without limitation by this restriction, purchase and sell options, forward contracts, commodities futures contracts, commodity-linked notes, and options on futures contracts and enter into swap contracts and other financial transactions relating to, or that are secured by, physical commodities or commodity indices. This restriction does not apply to foreign currency transactions including without limitation forward currency contracts. This restriction also does not prevent Commodity Strategy Fund from investing up to 25% of its total assets in one or more wholly-owned subsidiaries (as described further herein and referred to herein collectively as the “Subsidiary”), thereby gaining exposure to the investment returns of commodities markets within the limitations of the federal tax requirements. |
Statement of Additional Information – January 1, 2021 | 12 |
B9 – | The Fund will not purchase or sell commodities, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
* | For purposes of the fundamental investment policy on buying and selling physical commodities above, at the time of the establishment of the restriction for certain Funds, swap contracts on financial instruments or rates were not within the understanding of the term “commodities.” Notwithstanding any federal legislation or regulatory action by the CFTC that subjects such swaps to regulation by the CFTC, these Funds will not consider such instruments to be commodities for purposes of this restriction. |
C. | Issuer Diversification*† |
C1 – | The Fund will not purchase more than 10% of the outstanding voting securities of an issuer, except that up to 25% of the Fund’s assets may be invested without regard to this 10% limitation. For tax-exempt Funds, for purposes of this policy, the terms of a municipal security determine the issuer. The Fund will not invest more than 5% of its total assets in securities of any company, government, or political subdivision thereof, except the limitation will not apply to investments in securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, or other investment companies, and except that up to 25% of the Fund’s total assets may be invested without regard to this 5% limitation. For tax-exempt Funds, for purposes of this policy, the terms of a municipal security determine the issuer. |
C2 – | The Fund may not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (i) up to 25% of its total assets may be invested without regard to these limitations; and (ii) a Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, and any exemptive relief obtained by the Fund. |
C3 – | The Fund will not make any investment inconsistent with its classification as a diversified company under the 1940 Act. |
C4 – | The Fund may not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (a) up to 25% of its total assets may be invested without regard to these limitations; and (b) the Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, or any applicable exemptive relief obtained by the Fund. |
C5 – | The Fund will not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (a) up to 25% of its total assets may be invested without regard to these limitations; and (b) a Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, or any applicable exemptive relief. |
* | For purposes of applying the limitation set forth in its issuer diversification policy above, a Fund does not consider futures or swaps central counterparties, where the Fund has exposure to such central counterparties in the course of making investments in futures and securities, to be issuers. |
† | For purposes of applying the limitation set forth in its issuer diversification policy, under certain circumstances, a Fund may treat an investment, if any, in a municipal bond refunded with escrowed U.S. Government securities as an investment in U.S. Government securities. |
D. | Concentration* |
D1 – | The Fund will not concentrate in any one industry. According to the present interpretation by the SEC, this means that up to 25% of the Fund’s total assets, based on current market value at time of purchase, can be invested in any one industry. |
D2 – | The Fund will not concentrate in any one industry. According to the present interpretation by the SEC, this means that up to 25% of the Fund’s total assets, based on current market value at time of purchase, can be invested in any one industry. The Fund itself does not intend to concentrate, however, the aggregation of holdings of the underlying funds may result in the Fund indirectly investing more than 25% of its assets in a particular industry. The Fund does not control the investments of the underlying funds and any indirect concentration will occur only as a result of the Fund following its investment objectives by investing in the underlying funds.(a) |
D3 – | While the Fund may invest 25% or more of its total assets in the securities of foreign governmental and corporate entities located in the same country, it will not invest 25% or more of its total assets in any single foreign governmental issuer. |
Statement of Additional Information – January 1, 2021 | 13 |
Statement of Additional Information – January 1, 2021 | 14 |
* | For purposes of applying the limitation set forth in its concentration policy, above, a Fund will generally use the industry classifications provided by the Global Industry Classification System (GICS) for classification of issuers of equity securities and the classifications provided by the Barclays Capital Aggregate Bond Index for classification of issues of fixed-income securities. A Fund does not consider futures or swaps clearinghouses or securities clearinghouses, where the Fund has exposure to such clearinghouses in the course of making investments in futures and securities, to be part of any industry. |
(a) | Capital Allocation Aggressive Portfolio considers the concentration policies of any underlying funds in which it invests and will consider the portfolio positions at the time of purchase, which in the case of unaffiliated underlying funds is based on portfolio information made publicly available by each underlying fund. |
E. | Invest 80% |
E1 – | The Fund will not under normal market conditions, invest less than 80% of its net assets in municipal obligations that are generally exempt from federal income tax as well as respective state and local income tax. |
E2 – | The Fund will not under normal market conditions, invest less than 80% of its net assets in bonds and other debt securities issued by or on behalf of state or local governmental units whose interest, in the opinion of counsel for the issuer, is exempt from federal income tax. |
E3 – | The Fund will invest at least 80% of its net assets in securities that pay interest exempt from federal income tax, other than the federal alternative minimum tax, and state individual income tax. |
E4 – | The Fund will invest at least 80% of its net assets in securities that pay interest exempt from federal income tax, other than the federal alternative minimum tax |
F. | Act as an underwriter |
F1 – | The Fund will not act as an underwriter (sell securities for others). However, under the securities laws, the Fund may be deemed to be an underwriter when it purchases securities directly from the issuer and later resells them. |
F2 – | The Fund will not underwrite the securities of other issuers, except insofar as the Fund may be deemed an underwriter under the 1933 Act in disposing of a portfolio security or in connection with investments in other investment companies. |
F3 – | The Fund may not underwrite any issue of securities within the meaning of the 1933 Act except when it might technically be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio security; or (ii) in connection with the purchase of securities directly from the issuer thereof in accordance with its investment objective. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered management investment companies. |
F4 – | The Fund may not underwrite any issue of securities issued by other persons within the meaning of the 1933 Act except when it might be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio security; or (ii) in connection with the purchase of securities directly from the issuer thereof in accordance with its investment objective. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered investment companies. |
F5 – | The Fund will not underwrite any issue of securities issued by other persons within the meaning of the 1933 Act except when it might be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio security; or (ii) in connection with the purchase of securities directly from the issuer where the Fund later resells such securities. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered investment companies. |
G. | Lending |
G1 – | The Fund will not lend securities or participate in an interfund lending program if the total of all such loans would exceed 33 1⁄3% of the Fund’s total assets except this fundamental investment policy shall not prohibit the Fund from purchasing money market securities, loans, loan participation or other debt securities, or from entering into repurchase agreements. For funds-of-funds – equity, under current Board policy, the Fund has no current intention to borrow to a material extent. |
G2 – | The Fund will not make loans, except as permitted by the 1940 Act or any rule thereunder, any SEC or SEC staff interpretations thereof or any exemptions therefrom which may be granted by the SEC. |
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G3 – | The Fund may not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
G4 – | The Fund may not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
G5 – | The Fund will not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
H. | Borrowing* |
H1 – | The Fund will not borrow money, except for temporary purposes (not for leveraging or investment) in an amount not exceeding 33 1⁄3% of its total assets (including the amount borrowed) less liabilities (other than borrowings) immediately after the borrowings. For funds-of-funds – equity, under current Board policy, the Fund has no current intention to borrow to a material extent. |
H2 – | The Fund may not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
H3 – | The Fund may not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
H4 – | The Fund will not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
* | For purposes of the policies described herein, this restriction shall not prevent the Funds from engaging in derivatives, short sales or other portfolio transactions that create leverage, as allowed by each Fund’s investment policies. |
I. | Issue senior securities |
I1 – | The Fund will not issue senior securities, except as permitted under the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
I2 – | The Fund will not issue senior securities or borrow money, except as permitted by the 1940 Act or any rule thereunder, any SEC or SEC staff interpretations thereof or any exemptions therefrom which may be granted by the SEC. |
I3 – | The Fund may not issue senior securities except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
I4 – | The Fund may not issue senior securities except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
J. | Buy on margin/sell short |
J1 – | The Fund will not buy on margin or sell short or deal in options to buy or sell securities. |
J2 – | The Fund will not purchase securities on margin except as permitted by the 1940 Act or any rule thereunder, any SEC or SEC staff interpretations thereof or any exemptions therefrom which may be granted by the SEC. |
■ | Purchase common stocks, preferred stocks, warrants, other equity securities, corporate bonds or debentures, state bonds, municipal bonds, or industrial revenue bonds. |
■ | Purchase or hold the securities of any issuer, if to its knowledge, directors or officers of the Fund and, only in the case of Seligman Global Technology Fund, the directors and officers of the Fund’s Investment Manager, individually owning beneficially more than 0.5% of the outstanding securities of that issuer own in the aggregate more than 5% of such securities. |
■ | Enter into repurchase agreements of more than one week’s duration if more than 10% of the Fund’s net assets would be so invested. |
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■ | Up to 25% of the Fund’s net assets may be invested in foreign investments. |
■ | Up to 15% of its total assets may be invested in Eurodollar convertible securities and up to an additional 20% of its total assets in foreign securities. |
■ | Up to 20% of the Fund’s total assets may be invested in foreign securities. |
■ | Up to 20% of the Fund’s net assets may be invested in foreign investments. |
■ | Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities. |
■ | The Fund will not (subject to the succeeding sentence) purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States or any of their agencies, instrumentalities or political subdivisions and, under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in government securities and/or repurchase securities that are collateralized by government securities; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. If, at a future date, the Fund ceases to be a government money market fund and becomes a money market fund that may invest significantly in Rule 2a-7 eligible securities issued by non-government entities, the Fund may invest more than 25% of its total assets in money market instruments issued by U.S. banks or U.S. branches of foreign banks (subject to the applicable requirements of Rule 2a-7) and U.S. Government securities. |
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■ | The Funds may not sell securities short, except as permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
■ | The Fund may not purchase securities of any one issuer (other than U.S. Government Obligations and securities of other investment companies) if, immediately after such purchase, more than 25% of the value of the Fund’s total assets would be invested in the securities of one issuer, and with respect to 50% of the Fund’s total assets, more than 5% of its assets would be invested in the securities of one issuer. |
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Type of Investment | Alternative |
Equity
and Flexible |
Funds-of-Funds
– Equity and Fixed Income |
Taxable
Fixed Income |
Taxable
Money Market |
Tax-Exempt
Fixed Income |
Asset-Backed Securities | • | • | • | • | • | • |
Bank Obligations (Domestic and Foreign) | • | • | • | • | • | • |
Collateralized Bond Obligations | • | • | • | • | • | • |
Commercial Paper | • | • | • | • | • | • |
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Type of Investment | Alternative |
Equity
and Flexible |
Funds-of-Funds
– Equity and Fixed Income |
Taxable
Fixed Income |
Taxable
Money Market |
Tax-Exempt
Fixed Income |
Common Stock | • | • | • | •A | — | — |
Convertible Securities | • | •B | • | •C | — | • |
Corporate Debt Securities | • | • | • | • | •D | • |
Custody Receipts and Trust Certificates | • | •E | • | •E | • | •E |
Debt Obligations | • | • | • | • | • | • |
Depositary Receipts | • | • | • | • | — | — |
Derivatives | • | • | • | • | — | • |
Dollar Rolls | • | •F | • | • | — | • |
Exchange-Traded Notes | • | • | • | • | — | • |
Foreign Currency Transactions | • | • | • | • | — | •G |
Foreign Securities | • | • | • | • | • | • |
Guaranteed Investment Contracts (Funding Agreements) | • | • | • | • | • | • |
High-Yield Securities | • | • | • | • | — | • |
Illiquid Investments | • | • | • | • | • | • |
Inflation Protected Securities | • | • | • | • | — | • |
Initial Public Offerings | • | • | • | • | • | • |
Inverse Floaters | • | •H | • | • | — | • |
Investments in Other Investment Companies (Including ETFs) | • | • | • | • | • | • |
Listed Private Equity Funds | • | • | • | • | — | • |
Money Market Instruments | • | • | • | • | • | • |
Mortgage-Backed Securities | • | • | • | • | • | • |
Municipal Securities | • | • | • | • | • | • |
Participation Interests | • | • | • | • | — | • |
Partnership Securities | • | • | • | • | — | • |
Preferred Stock | • | • | • | •I | — | •I |
Private Placement and Other Restricted Securities | • | • | • | • | • | • |
Real Estate Investment Trusts | • | • | • | • | — | • |
Repurchase Agreements | • | • | • | • | • | • |
Reverse Repurchase Agreements | • | • | • | • | • | • |
Short Sales | • | • | • | • | — | • |
Sovereign Debt | • | • | • | • | • | • |
Standby Commitments | • | • | • | • | • | • |
U.S. Government and Related Obligations | • | • | • | • | • | • |
Variable and Floating Rate Obligations | • | •J | • | • | •J | •J |
Warrants and Rights | • | • | • | • | — | • |
A. | The following Fund is not authorized to invest in common stock: Quality Income Fund. |
B. | The following Fund is not authorized to invest in convertible securities: Commodity Strategy Fund. |
C. | The following Fund is not authorized to invest in convertible securities: Quality Income Fund. |
D. | While the Fund is prohibited from investing in corporate bonds, it may invest in securities classified as corporate bonds if they meet the requirements of Rule 2a-7 of the 1940 Act. |
E. | The following equity, flexible, taxable fixed income and tax-exempt fixed income Funds are not authorized to invest in Custody Receipts and Trust Certificates: each series of CFST. |
F. | The following Funds are authorized to invest in Dollar Rolls: Commodity Strategy Fund, Flexible Capital Income Fund, Global Opportunities Fund, MM Value Strategies Fund, Overseas Core Fund and each series of CFST. |
G. | The following Funds are not authorized to invest in Foreign Currency Transactions: State Tax-Exempt and State Municipal Bond Funds. |
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H. | The following Funds are authorized to invest in inverse floaters: Commodity Strategy Fund, Flexible Capital Income Fund, Global Opportunities Fund, MM Value Strategies Fund, Overseas Core Fund and each series of CFST. |
I. | The following taxable fixed income and tax-exempt fixed income Funds are not authorized to invest in preferred stock: Strategic Municipal Income Fund and Quality Income Fund. |
J. | The following equity, flexible, taxable money market and tax-exempt fixed income Funds are authorized to invest in Floating Rate Loans: Commodity Strategy Fund, Flexible Capital Income Fund, Global Opportunities Fund, MM Value Strategies Fund, Overseas Core Fund and each series of CFST. |
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■ | A forward foreign currency contract is a derivative (forward contract) in which the underlying reference is a country's or region’s currency. The Fund may agree to buy or sell a country's or region’s currency at a specific price on a specific date in the future. These instruments may fall in value (sometimes dramatically) due to foreign market downswings or foreign currency value fluctuations, subjecting the Fund to foreign currency risk (the risk that Fund performance may be negatively impacted by foreign currency strength or weakness relative to the U.S. dollar, particularly if the Fund exposes a significant percentage of its assets to currencies other than the U.S. dollar). The effectiveness of any currency hedging strategy by a Fund may be reduced by the Fund’s inability to precisely match forward contract amounts and the value of securities involved. Forward foreign currency contracts used for hedging may also limit any potential gain that might result from an increase or decrease in the value of the currency. The Fund may use these instruments to gain leveraged exposure to currencies, which is a speculative investment practice that increases the Fund's risk exposure and the possibility of losses. Unanticipated changes |
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in the currency markets could result in reduced performance for the Fund. When the Fund converts its foreign currencies into U.S. dollars, it may incur currency conversion costs due to the spread between the prices at which it may buy and sell various currencies in the market. |
■ | A forward interest rate agreement is a derivative whereby the buyer locks in an interest rate at a future settlement date. If the interest rate on the settlement date exceeds the lock rate, the buyer pays the seller the difference between the two rates (based on the notional value of the agreement). If the lock rate exceeds the interest rate on the settlement date, the seller pays the buyer the difference between the two rates (based on the notional value of the agreement). The Fund may act as a buyer or a seller. |
■ | A bond (or debt instrument) future is a derivative that is an agreement for the contract holder to buy or sell a bond or other debt instrument, a basket of bonds or other debt instrument, or the bonds or other debt instruments in an index on a specified date at a predetermined price. The buyer (long position) of a bond future is obliged to buy the underlying reference at the agreed price on expiry of the future. |
■ | A commodity-linked future is a derivative that is an agreement to buy or sell one or more commodities (such as crude oil, gasoline and natural gas), basket of commodities or indices of commodity futures at a specific date in the future at a specific price. |
■ | A currency future, also an FX future or foreign exchange future, is a derivative that is an agreement to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. |
■ | An equity future is a derivative that is an agreement for the contract holder to buy or sell a specified amount of an individual equity, a basket of equities or the securities in an equity index on a specified date at a predetermined price. |
■ | An interest rate future is a derivative that is an agreement whereby the buyer and seller agree to the future delivery of an interest-bearing instrument on a specific date at a pre-determined price. Examples include Treasury-bill futures, Treasury-bond futures and Eurodollar futures. |
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■ | A commodity-linked structured note is a derivative (structured investment) that has principal and/or interest payments based on the market price of one or more particular commodities (such as crude oil, gasoline and natural gas), a basket of commodities, indices of commodity futures or other economic variable. If payment of interest on a commodity-linked structured note is linked to the value of a particular commodity, basket of commodities, commodity index or other economic variable, the Fund might receive lower interest payments (or not receive any of the interest due) on its investments if there is a loss of value in the underlying reference. Further, to the extent that the amount of principal to be repaid upon maturity is linked to the value of a particular commodity, basket of commodities, commodity index or other economic variable, the Fund might not receive a portion (or any) of the principal at maturity of the investment or upon earlier exchange. At any time, the risk of loss associated with a particular structured note in the Fund’s portfolio may be significantly higher than the value of the note. A liquid secondary market may not exist for the commodity-linked structured notes held in the Fund’s portfolio, which may make it difficult for the notes to be sold at a price acceptable to the portfolio manager(s) or for the Fund to accurately value them. |
■ | An equity-linked note (ELN) is a derivative (structured investment) that has principal and/or interest payments based on the value of a single equity security, a basket of equity securities or an index of equity securities, and generally has risks similar to these underlying equity securities. ELNs may be leveraged or unleveraged. An ELN typically provides interest income, thereby offering a yield advantage over investing directly in an underlying equity. The Fund may purchase ELNs that trade on a securities exchange or those that trade on the over-the-counter markets, as well as in privately negotiated transactions with the issuer of the ELN. Investments in ELNs are also subject to liquidity risk, which may make ELNs difficult to sell and value. The liquidity of unlisted ELNs is normally determined by the willingness of the issuer to make a market in the ELN. While the Fund will seek to purchase ELNs only from issuers that it believes to be willing and able to repurchase the ELN at a reasonable price, there can be no assurance that the Fund will be able to sell at such a price. Furthermore, such inability to sell may impair the Fund’s ability to enter into other transactions at a time when doing so might be advantageous. The Fund’s investments in ELNs have the potential to lead to significant losses, including the amount the Fund invested in the ELN, because ELNs are subject to the market and volatility risks associated with their underlying equity. In addition, because ELNs |
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often take the form of unsecured notes of the issuer, the Fund would be subject to the risk that the issuer may default on its obligations under the ELN, thereby subjecting the Fund to the further risk of being too concentrated in the securities (including ELNs) of that issuer. However, the Fund typically considers ELNs alongside other securities of the issuer in its assessment of issuer concentration risk. In addition, ELNs may exhibit price behavior that does not correlate with the underlying securities. ELNs may also be subject to leverage risk. The Fund may or may not hold an ELN until its maturity. ELNs also include participation notes. |
■ | A commodity-linked swap is a derivative (swap) that is an agreement where the underlying reference is the market price of one or more particular commodities (such as crude oil, gasoline and natural gas), basket of commodities or indices of commodity futures. |
■ | Contracts for differences are swap arrangements in which the parties agree that their return (or loss) will be based on the relative performance of two different groups or baskets of securities or other instruments. Often, one or both baskets will be an established securities index. The Fund’s return will be based on changes in value of theoretical long futures positions in the securities comprising one basket (with an aggregate face value equal to the notional amount of the contract for differences) and theoretical short futures positions in the securities comprising the other basket. The Fund also may use actual long and short futures positions and achieve similar market exposure by netting the payment obligations of the two contracts. If the short basket outperforms the long basket, the Fund will realize a loss – even in circumstances when the securities in both the long and short baskets appreciate in value. |
■ | A credit default swap (including a swap on a credit default index, sometimes referred to as a credit default swap index) is a derivative and special type of swap where one party pays, in effect, an insurance premium through a stream of payments to another party in exchange for the right to receive a specified return upon the occurrence of a particular credit event by one or more third parties, such as bankruptcy, default or a similar event. A credit default swap may be embedded within a structured note or other derivative instrument. Credit default swaps enable an investor to buy or sell protection against such a credit event (such as an issuer’s bankruptcy, restructuring or failure to make timely payments of interest or principal). Credit default swap indices are indices that reflect the performance of a basket of credit default swaps and are subject to the same risks as credit default swaps. If such a default were to occur, any contractual remedies that the Fund may have may be subject to bankruptcy and insolvency laws, which could delay or limit the Fund's recovery. Thus, if the counterparty under a credit default swap defaults on its obligation to make payments thereunder, as a result of its bankruptcy or otherwise, the Fund may lose such payments altogether, or collect only a portion thereof, which collection could involve costs or delays. The Fund’s return from investment in a credit default swap index may not match the return of the referenced index. Further, investment in a credit default swap index could result in losses if the referenced index does not perform as expected. Unexpected changes in the composition of the index may also affect performance of the credit default swap index. If a referenced index has a dramatic intraday move that causes a material decline in the Fund’s net assets, the terms of the Fund’s credit default swap index may permit the counterparty to immediately close out the transaction. In that event, the Fund may be unable to enter into another credit default swap index or otherwise achieve desired exposure, even if the referenced index reverses all or a portion of its intraday move. |
■ | An inflation rate swap is a derivative typically used to transfer inflation risk from one party to another through an exchange of cash flows. In an inflation rate swap, one party pays a fixed rate on a notional principal amount, while the other party pays a floating rate linked to an inflation index, such as the Consumer Price Index (CPI). |
■ | An interest rate swap is a derivative in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another. Interest rate swaps can be based on various measures of interest rates, including swap rates, treasury rates, foreign interest rates and other reference rates. |
■ | Total return swaps are derivative swap transactions in which one party agrees to pay the other party an amount equal to the total return of a defined underlying reference during a specified period of time. In return, the other party would make periodic payments based on a fixed or variable interest rate or on the total return of a different underlying reference. |
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Fund |
Assets
(millions) |
Annual rate at
each asset level |
Management Agreement
Effective Date |
CA Intermediate Municipal Bond Fund | $0-$250 | 0.470% | 9/1/2015 |
GA Intermediate Municipal Bond Fund | >$250-$500 | 0.465% | 9/1/2015 |
MD Intermediate Municipal Bond Fund | >$500-$1,000 | 0.415% | 9/1/2015 |
NC Intermediate Municipal Bond Fund | >$1,000-$1,500 | 0.380% | 9/1/2015 |
SC Intermediate Municipal Bond Fund | >$1,500-$3,000 | 0.350% | 9/1/2015 |
VA Intermediate Municipal Bond Fund | >$3,000-$6,000 | 0.330% | 9/1/2015 |
>$6,000-$12,000 | 0.320% | ||
>$12,000 | 0.310% | ||
Dividend Opportunity Fund | $0-$500 | 0.720% | 10/1/2015 |
Global Equity Value Fund | >$500-$1,000 | 0.670% | 7/1/2015 |
Global Opportunities Fund(b) | >$1,000-$1,500 | 0.620% | 12/1/2015 |
Large Cap Value Fund | >$1,500-$3,000 | 0.570% | 10/1/2015 |
MM Value Strategies Fund | >$3,000-$6,000 | 0.550% | 10/1/2015 |
>$6,000-$12,000 | 0.530% | ||
>$12,000 | 0.520% | ||
Commodity Strategy Fund(c) | $0-$500 | 0.630% | 10/1/2015 |
>$500-$1,000 | 0.580% | ||
>$1,000-$3,000 | 0.550% | ||
>$3,000-$6,000 | 0.520% | ||
>$6,000-$12,000 | 0.500% | ||
>$12,000 | 0.490% | ||
Convertible Securities Fund | $0-$500 | 0.820% | 7/1/2015 |
>$500-$1,000 | 0.770% | ||
>$1,000-$1,500 | 0.720% | ||
>$1,500 | 0.670% | ||
Disciplined Core Fund | $0-$500 | 0.750% | 12/1/2015 |
Disciplined Growth Fund | >$500-$1,000 | 0.700% | 12/1/2015 |
Disciplined Value Fund | >$1,000-$1,500 | 0.650% | 12/1/2015 |
Large Cap Enhanced Core Fund | >$1,500-$3,000 | 0.600% | 7/1/2015 |
>$3,000-$6,000 | 0.580% | ||
>$6,000-$12,000 | 0.560% | ||
>$12,000 | 0.550% | ||
Emerging Markets Bond Fund | $0-$500 | 0.600% | 3/1/2016 |
>$500-$1,000 | 0.590% | ||
>$1,000-$2,000 | 0.575% | ||
>$2,000-$3,000 | 0.555% | ||
>$3,000-$6,000 | 0.530% | ||
>$6,000-$7,500 | 0.505% | ||
>$7,500-$9,000 | 0.490% | ||
>$9,000-$10,000 | 0.481% | ||
>$10,000-$12,000 | 0.469% | ||
>$12,000-$15,000 | 0.459% | ||
>$15,000-$20,000 | 0.449% | ||
>$20,000-$24,000 | 0.433% | ||
>$24,000-$50,000 | 0.414% | ||
>$50,000 | 0.393% | ||
Flexible Capital Income Fund | $0-$500 | 0.650% | 10/1/2015 |
>$500-$1,000 | 0.630% | ||
>$1,000-$3,000 | 0.610% | ||
>$3,000-$6,000 | 0.570% | ||
>$6,000 | 0.540% |
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Fund |
Assets
(millions) |
Annual rate at
each asset level |
Management Agreement
Effective Date |
Floating Rate Fund | $0-$250 | 0.660% | 12/1/2015 |
High Yield Bond Fund | >$250-$500 | 0.645% | 10/1/2015 |
Income Opportunities Fund | >$500-$750 | 0.635% | 12/1/2015 |
>$750-$1,000 | 0.625% | ||
>$1,000-$2,000 | 0.610% | ||
>$2,000-$3,000 | 0.600% | ||
>$3,000-$6,000 | 0.565% | ||
>$6,000-$7,500 | 0.540% | ||
>$7,500-$9,000 | 0.525% | ||
>$9,000-$10,000 | 0.500% | ||
>$10,000-$12,000 | 0.485% | ||
>$12,000-$15,000 | 0.475% | ||
>$15,000-$20,000 | 0.465% | ||
>$20,000-$24,000 | 0.440% | ||
>$24,000-$50,000 | 0.425% | ||
>$50,000 | 0.400% | ||
Government Money Market Fund | $0-$500 | 0.390% | 12/1/2015 |
>$500-$1,000 | 0.385% | ||
>$1,000-$1,500 | 0.363% | ||
>$1,500-$2,000 | 0.345% | ||
>$2,000-$2,500 | 0.328% | ||
>$2,500-$3,000 | 0.310% | ||
>$3,000-$5,000 | 0.300% | ||
>$5,000-$6,000 | 0.280% | ||
>$6,000-$7,500 | 0.260% | ||
>$7,500-$9,000 | 0.255% | ||
>$9,000-$10,000 | 0.230% | ||
>$10,000-$12,000 | 0.220% | ||
>$12,000-$15,000 | 0.210% | ||
>$15,000-$20,000 | 0.200% | ||
>$20,000-$24,000 | 0.190% | ||
>$24,000 | 0.180% | ||
Large Cap Growth Opportunity Fund | $0-$500 | 0.770% | 7/1/2015 |
Select Large Cap Equity Fund | >$500-$1,000 | 0.720% | 7/1/2015 |
>$1,000-$1,500 | 0.670% | ||
>$1,500-$3,000 | 0.620% | ||
>$3,000-$6,000 | 0.600% | ||
>$6,000-$12,000 | 0.580% | ||
>$12,000 | 0.570% | ||
Large Cap Index Fund(a) | All assets | 0.200% | 7/1/2015 |
Mid Cap Index Fund | 7/1/2015 | ||
Small Cap Index Fund(a) | 7/1/2015 | ||
Limited Duration Credit Fund | $0-$500 | 0.430% | 12/1/2015 |
Short Term Bond Fund | >$500-$1,000 | 0.425% | 8/1/2015 |
Short Term Municipal Bond Fund | >$1,000-$2,000 | 0.415% | 9/1/2015 |
>$2,000-$3,000 | 0.410% | ||
>$3,000-$6,000 | 0.395% | ||
>$6,000-$7,500 | 0.380% | ||
>$7,500-$9,000 | 0.365% | ||
>$9,000-$10,000 | 0.360% | ||
>$10,000-$12,000 | 0.350% | ||
>$12,000-$15,000 | 0.340% | ||
>$15,000-$20,000 | 0.330% | ||
>$20,000-$24,000 | 0.320% | ||
>$24,000-$50,000 | 0.300% | ||
>$50,000 | 0.280% | ||
Select Mid Cap Value Fund | $0-$500 | 0.820% | 7/1/2015 |
>$500-$1,000 | 0.770% | ||
>$1,000-$1,500 | 0.720% | ||
>$1,500-$3,000 | 0.670% | ||
>$3,000-$12,000 | 0.660% | ||
>$12,000 | 0.650% |
Statement of Additional Information – January 1, 2021 | 93 |
Fund |
Assets
(millions) |
Annual rate at
each asset level |
Management Agreement
Effective Date |
MN Tax-Exempt Fund | $0-$250 | 0.470% | 12/1/2015 |
>$250-$500 | 0.465% | ||
>$500-$1,000 | 0.415% | ||
>$1,000-$3,000 | 0.380% | ||
>$3,000-$6,000 | 0.340% | ||
>$6,000-$7,500 | 0.330% | ||
>$7,500-$12,000 | 0.320% | ||
>$12,000 | 0.310% | ||
Mortgage Opportunities Fund | $0-$500 | 0.650% | 10/1/2015 |
>$500-$1,000 | 0.645% | ||
>$1,000-$2,000 | 0.630% | ||
>$2,000-$3,000 | 0.620% | ||
>$3,000-$6,000 | 0.595% | ||
>$6,000-$7,500 | 0.580% | ||
>$7,500-$9,000 | 0.565% | ||
>$9,000-$10,000 | 0.555% | ||
>$10,000-$12,000 | 0.545% | ||
>$12,000 | 0.535% | ||
Overseas Core Fund(d) | $0-$250 | 0.870% | 7/1/2020 |
Select Global Equity Fund(e) | >$250-$500 | 0.855% | 7/8/2020 |
>$500-$750 | 0.820% | ||
>$750-$1,000 | 0.800% | ||
>$1,000-$1,500 | 0.770% | ||
>$1,500-$3,000 | 0.720% | ||
>$3,000-$6,000 | 0.700% | ||
>$6,000-$12,000 | 0.680% | ||
>$12,000-$20,000 | 0.670% | ||
>$20,000-$24,000 | 0.660% | ||
>$24,000-$50,000 | 0.650% | ||
>$50,000 | 0.620% | ||
Overseas Value Fund | $0-$500 | 0.870% | 7/1/2015 |
>$500-$1,000 | 0.820% | ||
>$1,000-$1,500 | 0.770% | ||
>$1,500-$3,000 | 0.720% | ||
>$3,000-$6,000 | 0.700% | ||
>$6,000-$12,000 | 0.680% | ||
>$12,000 | 0.670% | ||
Quality Income Fund | $0-$500 | 0.500% | 10/1/2015 |
>$500-$1,000 | 0.495% | ||
>$1,000-$2,000 | 0.480% | ||
>$2,000-$3,000 | 0.460% | ||
>$3,000-$6,000 | 0.450% | ||
>$6,000-$7,500 | 0.430% | ||
>$7,500-$9,000 | 0.415% | ||
>$9,000-$12,000 | 0.410% | ||
>$12,000-$20,000 | 0.390% | ||
>$20,000-$24,000 | 0.380% | ||
>$24,000-$50,000 | 0.360% | ||
>$50,000 | 0.340% | ||
Select Large Cap Value Fund | $0-$500 | 0.770% | 10/1/2015 |
>$500-$1,000 | 0.715% | ||
>$1,000-$3,000 | 0.615% | ||
>$3,000-$6,000 | 0.600% | ||
>$6,000-$12,000 | 0.580% | ||
>$12,000 | 0.570% | ||
Select Small Cap Value Fund | $0-$500 | 0.870% | 10/1/2015 |
Small Cap Value Fund II | >$500-$1,000 | 0.820% | 7/1/2015 |
>$1,000-$3,000 | 0.770% | ||
>$3,000-$12,000 | 0.760% | ||
>$12,000 | 0.750% |
Statement of Additional Information – January 1, 2021 | 94 |
Fund |
Assets
(millions) |
Annual rate at
each asset level |
Management Agreement
Effective Date |
Seligman Communications and Information Fund | $0-$500 | 0.915% | 10/1/2015 |
Seligman Global Technology Fund | >$500-$1,000 | 0.910% | 3/1/2016 |
>$1,000-$3,000 | 0.905% | ||
>$3,000-$4,000 | 0.865% | ||
>$4,000-$6,000 | 0.815% | ||
>$6,000-$12,000 | 0.765% | ||
>$12,000 | 0.755% | ||
Strategic Municipal Income Fund | $0-$500 | 0.480% | 12/1/2015 |
>$500-$1,000 | 0.475% | ||
>$1,000-$2,000 | 0.445% | ||
>$2,000-$3,000 | 0.420% | ||
>$3,000-$6,000 | 0.385% | ||
>$6,000-$7,500 | 0.360% | ||
>$7,500-$10,000 | 0.350% | ||
>$10,000-$12,000 | 0.340% | ||
>$12,000-$15,000 | 0.330% | ||
>$15,000-$24,000 | 0.320% | ||
>$24,000-$50,000 | 0.300% | ||
>$50,000 | 0.290% |
(a) | The Investment Manager, from the management services fee it receives from the Fund, pays all operating expenses of the Fund, with the exception of brokerage fees and commissions, taxes, interest, fees and expenses of Trustees who are not officers, directors or employees of the Investment Manager or its affiliates, Rule 12b-1 and/or shareholder servicing fees and any extraordinary non-recurring expenses that may arise, including litigation expenses. |
(b) | This fee applies to assets invested in securities, other than underlying funds (including any exchange-traded funds (ETFs)) that pay a management services fee (or an investment advisory services fee, as applicable) to the Investment Manager, including other funds advised by the Investment Manager that do not pay a management services fee (or an investment advisory services fee, as applicable), derivatives and individual securities. The Fund does not pay a management services fee on assets that are invested in underlying funds, including any ETFs, that pay a management services fee (or an investment advisory services fee, as applicable) to the Investment Manager. |
(c) | When calculating asset levels for purposes of determining fee breakpoints, asset levels are based on net assets of the Fund, including assets invested in any wholly-owned subsidiary advised by the Investment Manager (“Subsidiaries”). Fees payable by the Fund under this agreement shall be reduced by any management services fees paid to the Investment Manager by any Subsidiaries under separate management agreements with the Subsidiaries. |
(d) | Effective July 1, 2020, the management fee schedule changed resulting in a fee rate decrease for certain asset levels. |
(e) | Effective July 8, 2020, the management fee schedule changed resulting in a fee rate decrease for certain asset levels. |
Statement of Additional Information – January 1, 2021 | 95 |
Management Services Fees | |||
2020 | 2019 | 2018 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $606,356 | $597,763 | $550,729 |
Capital Allocation Conservative Portfolio | 262,717 | 260,462 | 262,528 |
Capital Allocation Moderate Aggressive Portfolio | 2,335,770 | 2,270,117 | 2,140,761 |
Capital Allocation Moderate Conservative Portfolio | 537,654 | 531,608 | 529,708 |
Capital Allocation Moderate Portfolio | 1,145,529 | 1,130,670 | 1,072,621 |
Income Builder Fund | 263,691 | 244,487 | 248,390 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 9,961,757 | 7,620,759 | 6,298,642 |
Global Equity Value Fund | 5,244,230 | 5,522,716 | 5,833,496 |
Large Cap Enhanced Core Fund | 3,964,615 | 3,215,491 | 2,959,095 |
Large Cap Growth Opportunity Fund | 10,978,248 | 11,640,148 | 12,456,364 |
Large Cap Index Fund | 6,735,646 | 7,170,795 | 7,433,824 |
Mid Cap Index Fund | 7,922,667 | 9,168,522 | 9,335,783 |
Overseas Core Fund | 2,202,791 | 1,419,596(a) | N/A |
Overseas Value Fund | 14,663,603 | 11,261,888 | 7,249,344 |
Select Large Cap Equity Fund | 5,442,592 | 4,941,980 | 4,907,133 |
Select Mid Cap Value Fund | 11,879,635 | 13,627,822 | 18,186,128 |
Small Cap Index Fund | 7,989,133 | 8,691,076 | 7,788,648 |
Small Cap Value Fund II | 10,746,861 | 12,202,766 | 13,164,448 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 4,852,495 | 5,209,388 | 6,440,283 |
For Funds with fiscal period ending April 30 | |||
CA Intermediate Municipal Bond Fund | 2,061,046 | 1,865,900 | 2,008,129 |
GA Intermediate Municipal Bond Fund | 203,104 | 215,081 | 299,260 |
MD Intermediate Municipal Bond Fund | 238,872 | 264,165 | 328,101 |
NC Intermediate Municipal Bond Fund | 873,346 | 772,484 | 830,014 |
SC Intermediate Municipal Bond Fund | 521,691 | 511,026 | 559,179 |
Short Term Municipal Bond Fund | 3,511,060 | 4,291,515 | 5,698,822 |
VA Intermediate Municipal Bond Fund | 669,613 | 703,417 | 874,358 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 1,934,695 | 2,353,833 | 2,820,639 |
Dividend Opportunity Fund | 16,104,550 | 18,061,778 | 22,432,462 |
Flexible Capital Income Fund | 6,175,965 | 5,154,831 | 3,675,394 |
High Yield Bond Fund | 9,018,272 | 10,215,041 | 12,207,243 |
Large Cap Value Fund | 12,117,312 | 13,093,783 | 14,909,707 |
MM Value Strategies Fund | 19,095,284 | 18,312,255 | 16,987,596 |
Mortgage Opportunities Fund | 10,789,319 | 5,731,331 | 1,810,263 |
Quality Income Fund | 9,447,617 | 9,061,905 | 10,134,090 |
Select Large Cap Value Fund | 7,726,928 | 8,199,368 | 7,131,722 |
Select Small Cap Value Fund | 3,837,748 | 5,069,382 | 5,773,779 |
Seligman Communications and Information Fund | 54,491,686 | 51,499,137 | 51,768,789 |
Statement of Additional Information – January 1, 2021 | 96 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
Statement of Additional Information – January 1, 2021 | 97 |
Statement of Additional Information – January 1, 2021 | 98 |
(a) | Threadneedle provided services to the Fund pursuant to the subadvisory agreement through December 9, 2019. Accordingly, the amount shown is for the period from June 1, 2019 to December 9, 2019. |
(b) | The fees shown represent the aggregate amount paid by the Investment Manager, with respect to the Fund, to all non-affiliated subadvisers for 2018, 2019, and 2020, which amounted to 0.138%, 0.136%, and 0.133% respectively, of the Fund’s daily net assets as of each fiscal year end. |
Other Accounts Managed (Excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** |
|||
For Funds with fiscal year ending January 31 – Information is as of January 31, 2020, unless otherwise noted | |||||||
Capital Allocation
Aggressive Portfolio |
Anwiti Bahuguna |
22 RICs
25 PIVs 35 other accounts |
$71.51 billion
$3.54 billion $114.15 million |
None | None |
Columbia Management–
FoF |
Columbia Management |
Dan Boncarosky |
8 RICs
27 other accounts |
$5.10 billion
$3.42 million |
None | None | |||
Capital Allocation
Conservative Portfolio |
Anwiti Bahuguna |
22 RICs
25 PIVs 35 other accounts |
$72.01 billion
$3.54 billion $114.15 million |
None | None |
Columbia Management–
FoF |
Columbia Management |
Dan Boncarosky |
8 RICs
27 other accounts |
$5.60 billion
$3.42 million |
None | None | |||
Capital Allocation
Moderate Aggressive Portfolio |
Anwiti Bahuguna |
22 RICs
25 PIVs 35 other accounts |
$70.22 billion
$3.54 billion $114.15 million |
None |
$50,001–
$100,000(a) |
Columbia Management–
FoF |
Columbia Management |
Dan Boncarosky |
8 RICs
27 other accounts |
$3.81 billion
$3.42 million |
None |
$1–
$10,000(a) |
|||
Capital Allocation
Moderate Conservative Portfolio |
Anwiti Bahuguna |
22 RICs
25 PIVs 35 other accounts |
$71.72 billion
$3.54 billion $114.15 million |
None | None |
Columbia Management–
FoF |
Columbia Management |
Dan Boncarosky |
8 RICs
27 other accounts |
$5.31 billion
$3.42 million |
None | None | |||
Capital Allocation
Moderate Portfolio |
Anwiti Bahuguna |
22 RICs
25 PIVs 35 other accounts |
$70.75 billion
$3.54 billion $114.15 million |
None | None |
Columbia Management–
FoF |
Columbia Management |
Dan Boncarosky |
8 RICs
27 other accounts |
$4.33 billion
$3.42 million |
None | None |
Statement of Additional Information – January 1, 2021 | 99 |
Other Accounts Managed (Excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** |
|||
Income Builder Fund | Colin Lundgren(h) |
3 RICs
62 other accounts |
$5.84 billion
$1.04 billion |
None |
Over
$1,000,000(a) $100,001– $500,000(b) |
Columbia Management–
IB |
Columbia Management |
Gene Tannuzzo |
8 RICs
1 PIV 71 other accounts |
$13.51 billion
$87.28 million $1.68 billion |
None |
$100,001–
$500,000(a) |
|||
For Funds with fiscal year ending February 28/29 – Information is as of February 29, 2020, unless otherwise noted | |||||||
Convertible Securities
Fund |
David King |
5 RICs
7 other accounts |
$6.25 billion
$24.97 million |
None |
Over
$1,000,000(a) $100,001– $500,000(b) |
Columbia Management | Columbia Management |
Yan Jin |
5 RICs
11 other accounts |
$6.25 billion
$5.14 million |
None |
$500,001-
$1,000,000(a) $10,001– $50,000(b) |
|||
Grace Lee(e) | 6 other accounts | $2.28 million | None |
$10,001–
$50,000(b) |
|||
Global Equity
Value Fund |
Fred Copper |
5 RICs
8 other accounts |
$3.22 billion
$142.21 million |
None |
$50,001–
$100,000(b) |
Columbia Management | Columbia Management |
Melda Mergen |
7 RICs
16 other accounts |
$8.08 billion
$853.96 million |
None | None | |||
Peter Schroeder |
1 RIC
6 other accounts |
$0.00
$0.94 million |
None |
$10,001–
$50,000(b) |
|||
Large Cap
Enhanced Core Fund |
Peter Albanese |
14 RICs
2 PIVs 68 other accounts |
$11.59 billion
$108.33 million $8.10 billion |
None | None | Columbia Management | Columbia Management |
Raghavendran Sivaraman |
11 RICs
4 other accounts |
$9.90 billion
$20.47 million |
None | None | |||
Large Cap Growth Opportunity Fund | Tchintcia Barros |
2 RICs
6 other accounts |
$5.35 billion
$304.75 million |
None | None | Columbia Management | Columbia Management |
Nicolas Janvier(e) |
1 RIC
2 PIVs 2 other accounts |
$21.28 million
$656.36 million $79.87 million |
None | None(c) | Threadneedle | Threadneedle | |
Large Cap
Index Fund |
Christopher Lo |
11 RICs
1 PIV 31 other accounts |
$8.11 billion
$87.39 million $189.93 million |
None |
$10,001–
$50,000(b) |
Columbia Management | Columbia Management |
Kaiyu Zhao(g) | 2 other accounts | $0.05 million | None | None | |||
Christopher Rowe(g) | 7 other accounts | $0.21 million | None | None | |||
Mid Cap Index
Fund |
Christopher Lo |
11 RICs
1 PIV 31 other accounts |
$7.93 billion
$87.39 million $189.93 million |
None |
$10,001–
$50,000(b) |
Columbia Management | Columbia Management |
Kaiyu Zhao(g) | 2 other accounts | $0.05 million | None | None | |||
Christopher Rowe(g) | 7 other accounts | $0.21 million | None | None | |||
Overseas Core
Fund |
Fred Copper |
5 RICs
8 other accounts |
$3.64 billion
$142.21 million |
None | None | Columbia Management | Columbia Management |
Daisuke Nomoto |
4 RICs
1 PIV 5 other accounts |
$3.07 billion
$1.02 billion $5.04 million |
None | None |
Statement of Additional Information – January 1, 2021 | 100 |
Other Accounts Managed (Excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** |
|||
Overseas Value
Fund |
Fred Copper |
5 RICs
8 other accounts |
$2.14 billion
$142.21 million |
None |
$100,001–
$500,000(b) |
Columbia Management | Columbia Management |
Daisuke Nomoto |
4 RICs
1 PIV 5 other accounts |
$1.57 billion
$1.02 billion $5.04 million |
None | None | |||
Select Large
Cap Equity Fund |
Peter Santoro |
7 RICs
1 PIV 60 other accounts |
$26.06 billion
$46.32 million $2.71 billion |
None |
$100,001–
$500,000(a) $100,001– $500,000(b) |
Columbia Management | Columbia Management |
Melda Mergen |
7 RICs
16 other accounts |
$8.07 billion
$853.96 million |
None |
$10,001–
$50,000(a) $100,001– $500,000(b) |
|||
Tiffany Wade |
3 RICs
9 other accounts |
$1.46 billion
$443.07 million |
None |
$1–
$10,000(b) |
|||
Select Mid Cap Value
Fund |
Kari Montanus |
3 RICs
16 other accounts |
$756.06 million
$18.64 million |
None |
$100,001–
$500,000(b) |
Columbia Management | Columbia Management |
Jonas Patrikson |
3 RICs
18 other accounts |
$756.06 million
$18.44 million |
None |
$10,001–
$50,000(b) |
|||
Small Cap
Index Fund |
Christopher Lo |
11 RICs
1 PIV 31 other accounts |
$7.84 billion
$87.39 million $189.93 million |
None |
$10,001–
$50,000(b) |
Columbia Management | Columbia Management |
Kaiyu Zhao(g) | 2 other accounts | $0.05 million | None | None | |||
Christopher Rowe(g) | 7 other accounts | $0.21 million | None | None | |||
Small Cap
Value Fund II |
Christian Stadlinger |
4 RICs
1 PIV 82 other accounts |
$1.01 billion
$51.15 million $77.26 million |
None |
$500,001–
$1,000,000(a) |
Columbia Management | Columbia Management |
Jarl Ginsberg |
4 RICs
1 PIV 85 other accounts |
$1.01 billion
$51.15 million $71.41 million |
None |
$10,001–
$50,000(b) |
|||
For Funds with fiscal year ending March 31 – Information is as of March 31, 2020, unless otherwise noted | |||||||
Short Term
Bond Fund |
Gregory Liechty |
3 RICs
12 PIVs 43 other accounts |
$3.58 billion
$2.07 billion $4.66 billion |
None |
$1–
$10,000(b) |
Columbia Management | Columbia Management |
Ronald Stahl |
3 RICs
12 PIVs 44 other accounts |
$3.58 billion
$2.07 billion $5.06 billion |
None |
$1–
$10,000(b) |
|||
For Funds with fiscal year ending April 30 – Information is as of April 30, 2020, unless otherwise noted | |||||||
CA Intermediate Municipal Bond Fund | Paul Fuchs |
10 RICs
7 other accounts |
$2.52 billion
$12.88 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$4.67 billion
$142.26 million |
None | None | |||
Deborah Vargo |
10 RICs
134 other accounts |
$2.52 billion
$1.62 billion |
None | None | |||
GA Intermediate Municipal Bond Fund | Paul Fuchs |
10 RICs
7 other accounts |
$2.93 billion
$12.88 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$5.07 billion
$142.26 million |
None | None | |||
Deborah Vargo |
10 RICs
134 other accounts |
$2.93 billion
$1.62 billion |
None | None |
Statement of Additional Information – January 1, 2021 | 101 |
Other Accounts Managed (Excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** |
|||
MD Intermediate Municipal Bond Fund | Paul Fuchs |
10 RICs
7 other accounts |
$2.92 billion
$12.88 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$5.07 billion
$142.26 million |
None | None | |||
Deborah Vargo |
10 RICs
134 other accounts |
$2.92 billion
$1.62 billion |
None | None | |||
NC Intermediate Municipal Bond Fund | Paul Fuchs |
10 RICs
7 other accounts |
$2.78 billion
$12.88 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$4.92 billion
$142.26 million |
None | None | |||
Deborah Vargo |
10 RICs
134 other accounts |
$2.78 billion
$1.62 billion |
None | None | |||
SC Intermediate Municipal Bond Fund | Paul Fuchs |
10 RICs
7 other accounts |
$2.86 billion
$12.88 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$5.01 billion
$142.26 million |
None | None | |||
Deborah Vargo |
10 RICs
134 other accounts |
$2.86 billion
$1.62 billion |
None | None | |||
Short Term
Municipal Bond Fund |
Catherine Stienstra |
7 RICs
3 other accounts |
$7.39 billion
$1.65 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$4.42 billion
$142.26 million |
None |
$10,001–
$50,000(b) |
|||
VA Intermediate Municipal Bond Fund | Paul Fuchs |
10 RICs
7 other accounts |
$2.83 billion
$12.88 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
15 RICs
4 other accounts |
$4.98 billion
$142.26 million |
None | None | |||
Deborah Vargo |
10 RICs
134 other accounts |
$2.83 billion
$1.62 billion |
None | None | |||
For Funds with fiscal year ending May 31 – Information is as of May 31, 2020, unless otherwise noted | |||||||
Commodity
Strategy Fund |
Marc Khalamayzer |
2 RICs
7 other accounts |
$728.24 million
$0.48 million |
None | None | Columbia Management | Columbia Management |
Matthew Ferrelli |
2 RICs
2 other accounts |
$728.24 million
$0.17 million |
None | None | |||
Dividend
Opportunity Fund |
David King |
5 RICs
7 other accounts |
$5.27 billion
$23.05 million |
None |
$50,001–
$100,000(b) |
Columbia Management | Columbia Management |
Yan Jin |
5 RICs
11 other accounts |
$5.27 billion
$5.47 million |
None |
$100,001–
$500,000(a) |
|||
Grace Lee(e) | 6 other accounts | $2.28 million | None |
$10,001–
$50,000(b) |
|||
Flexible Capital
Income Fund |
David King |
5 RICs
7 other accounts |
$6.55 billion
$23.05 million |
None |
Over
$1,000,000(a) $100,001– $500,000(b) |
Columbia Management | Columbia Management |
Yan Jin |
5 RICs
11 other accounts |
$6.55 billion
$5.47 million |
None |
$500,001–
$1,000,000(a) $10,001– $50,000(b) |
|||
Grace Lee(e) | 6 other accounts | $2.28 million | None |
$10,001–
$50,000(b) |
Statement of Additional Information – January 1, 2021 | 102 |
Other Accounts Managed (Excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** |
|||
High Yield Bond
Fund |
Brian Lavin |
6 RICs
1 PIV 14 other accounts |
$2.20 billion
$279.47 million $1.74 billion |
None |
$50,001–
$100,000(b) |
Columbia Management | Columbia Management |
Daniel DeYoung |
3 RICs
3 other accounts |
$2.15 billion
$0.74 million |
None |
$50,001–
$100,000(a) $10,001– $50,000(b) |
|||
Large Cap Value Fund | Hugh Mullin | 7 other accounts | $4.17 million | None |
$50,001–
$100,000(b) |
Columbia Management | Columbia Management |
MM Value Strategies Fund |
Columbia Management:
Scott Davis |
1 RIC 1 PIV 87 other accounts |
$20.51 billion $159.54 million $1.98 billion |
None |
None |
Columbia Management |
Columbia Management |
Michael Barclay |
3 RICs
1 PIV 84 other accounts |
$20.52 billion
$159.54 million $1.97 billion |
None | None | |||
Peter Santoro |
7 RICs
1 PIV 63 other accounts |
$28.60 billion
$159.54 million $2.86 billion |
None | None | |||
DFA:
Jed Fogdall |
110 RICs 23 PIVs 77 other accounts |
$343.18 billion $15.60 billion $23.33 billion |
1 PIV ($134.51 M); 5 other accounts ($3.33 B) |
None |
DFA |
DFA |
|
Lukas Smart |
38 RICs
10 PIVs 5 other accounts |
$134.56 billion
$2.73 billion $7.22 billion |
None | None | |||
Joel Schneider |
61 RICs
7 PIVs 1 other account |
$216.06 billion
$229.28 million $216.74 million |
None | None | |||
Diamond Hill:
Charles Bath |
3 RICs 3 PIVs 361 other accounts |
$8.47 billion $291.16 million $3.54 billion |
2 other accounts ($323.18 M) |
None |
Diamond Hill |
Diamond Hill |
|
Austin Hawley |
3 RICs
3 PIVs 373 other accounts |
$6.35 billion
$291.16 million $4.68 billion |
2 other
accounts ($323.18 M) |
None | |||
Mortgage
Opportunities Fund |
Jason Callan |
14 RICs
9 PIVs 5 other accounts |
$18.08 billion
$12.31 billion $3.42 million |
None |
$500,001–
$1,000,000(b) |
Columbia Management | Columbia Management |
Tom Heuer |
4 RICs
5 other accounts |
$3.08 billion
$3.35 million |
None |
$100,001–
$500,000(a) $100,001– $500,000(b) |
|||
Ryan Osborn |
3 RICs
6 other accounts |
$3.07 billion
$2.06 million |
None |
$100,001–
$500,000(a) $50,001– $100,000(b) |
Statement of Additional Information – January 1, 2021 | 103 |
Other Accounts Managed (Excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** |
|||
Quality Income Fund | Jason Callan |
14 RICs
9 PIVs 5 other accounts |
$17.67 billion
$12.31 billion $3.42 million |
None | None | Columbia Management | Columbia Management |
Tom Heuer |
4 RICs
5 other accounts |
$2.68 billion
$3.35 million |
None |
$100,001–
$500,000(a) $50,001– $100,000(b) |
|||
Ryan Osborn |
3 RICs
6 other accounts |
$2.66 billion
$2.06 million |
None |
$50,001–
$100,000(b) |
|||
Select Large Cap
Value Fund |
Richard Rosen |
2 RICs
289 other accounts |
$1.80 billion
$2.29 billion |
None |
$100,001–
$500,000(b) |
Columbia Management | Columbia Management |
Richard Taft |
2 RICs
289 other accounts |
$1.80 billion
$2.29 billion |
None |
$100,001–
$500,000(a) $100,001– $500,000(b) |
|||
Select Small Cap
Value Fund |
Kari Montanus |
3 RICs
14 other accounts |
$1.57 billion
$16.45 million |
None | None | Columbia Management | Columbia Management |
Jonas Patrikson |
3 RICs
16 other accounts |
$1.57 billion
$15.59 million |
None |
$10,001–
$50,000(b) |
|||
Seligman Communications
and Information Fund |
Paul Wick |
4 RICs
4 PIVs 4 other accounts |
$1.72 billion
$1.26 billion $258.67 million |
None |
Over
$1,000,000(a) |
Columbia Management |
Columbia Management–
Tech Team |
Sanjay Devgan |
3 RICs
3 other accounts |
$1.41 billion
$2.59 million |
None |
$100,001–
$500,000(a) |
|||
Shekhar Pramanick |
4 RICs
5 other accounts |
$1.72 billion
$8.87 million |
None |
$500,001–
$1,000,000(a) |
|||
Jeetil Patel |
4 RICs
6 other accounts |
$1.72 billion
$3.23 million |
None | None | |||
Christopher Boova |
4 RICs
7 other accounts |
$1.72 billion
$6.75 million |
None | None | |||
Vimal Patel |
4 RICs
7 other accounts |
$1.72 billion
$5.12 million |
None |
$50,001–
$100,000(a) |
|||
For Funds with fiscal year ending July 31 – Information is as of July 31, 2020, unless otherwise noted | |||||||
Disciplined Core Fund | Peter Albanese |
6 RICs
1 PIV 63 other accounts |
$8.02 billion
$29.08 million $8.63 billion |
None |
$50,001–
$100,000(b) |
Columbia Management | Columbia Management |
Raghavendran Sivaraman |
16 RICs
20 other accounts |
$8.11 billion
$8.63 billion |
None |
$10,001–
$50,000(b) |
|||
Disciplined Growth Fund | Peter Albanese |
6 RICs
1 PIV 63 other accounts |
$12.03 billion
$29.08 million $8.63 billion |
None |
$10,001–
$50,000(b) |
Columbia Management | Columbia Management |
Raghavendran Sivaraman |
16 RICs
20 other accounts |
$12.11 billion
$8.63 billion |
None | None | |||
Disciplined Value Fund | Peter Albanese |
6 RICs
1 PIV 63 other accounts |
$11.94 billion
$29.08 million $8.63 billion |
None |
$10,001–
$50,000(b) |
Columbia Management | Columbia Management |
Raghavendran Sivaraman |
16 RICs
20 other accounts |
$12.03 billion
$8.63 billion |
None |
$10,001–
$50,000(b) |
Statement of Additional Information – January 1, 2021 | 104 |
Statement of Additional Information – January 1, 2021 | 105 |
* | RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle. |
** | Number and type of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts. |
(a) | Excludes any notional investments. |
(b) | Notional investments through a deferred compensation account. |
(c) | The Fund is available for sale only in the U.S. The portfolio manager does not reside in the U.S. and therefore does not hold any shares of the Fund. |
(d) | The portfolio manager began managing the Fund after its last fiscal year end. |
(e) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of August 31, 2020. |
(f) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of September 30, 2020. |
(g) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of October 31, 2020. |
(h) | Mr. Lundgren has announced that he plans to retire effective March 1, 2021. Until then, Mr. Lundgren will continue to serve as a portfolio manager of the Fund. Accordingly, effective March 1, 2021, all references to Mr. Lundgren in the SAI for the Fund are hereby removed. |
Columbia Management: Like other investment professionals with multiple clients, a Fund’s portfolio manager(s) may face certain potential conflicts of interest in connection with managing both the Fund and other accounts at the same time. The Investment Manager and the Funds have adopted compliance policies and procedures that attempt to address certain of the potential conflicts that portfolio managers face in this regard. Certain of these conflicts of interest are summarized below. | |
The management of accounts with different advisory fee rates and/or fee structures, including accounts that pay advisory fees based on account performance (performance fee accounts), may raise potential conflicts of interest for a portfolio manager by creating an incentive to favor higher fee accounts. | |
Potential conflicts of interest also may arise when a portfolio manager has personal investments in other accounts that may create an incentive to favor those accounts. As a general matter and subject to the Investment Manager’s Code of Ethics and certain limited exceptions, the Investment Manager’s investment professionals do not have the opportunity to invest in client accounts, other than the funds. | |
A portfolio manager who is responsible for managing multiple funds and/or accounts may devote unequal time and attention to the management of those Funds and/or accounts. The effects of this potential conflict may be more pronounced where Funds and/or accounts managed by a particular portfolio manager have different investment strategies. |
Statement of Additional Information – January 1, 2021 | 106 |
A portfolio manager may be able to select or influence the selection of the broker/dealers that are used to execute securities transactions for the Funds. A portfolio manager’s decision as to the selection of broker/dealers could produce disproportionate costs and benefits among the Funds and the other accounts the portfolio manager manages. | |
A potential conflict of interest may arise when a portfolio manager buys or sells the same securities for a Fund and other accounts. On occasions when a portfolio manager considers the purchase or sale of a security to be in the best interests of a Fund as well as other accounts, the Investment Manager’s trading desk may, to the extent consistent with applicable laws and regulations, aggregate the securities to be sold or bought in order to obtain the best execution and lower brokerage commissions, if any. Aggregation of trades may create the potential for unfairness to a Fund or another account if a portfolio manager favors one account over another in allocating the securities bought or sold. The Investment Manager and its Participating Affiliates may coordinate their trading operations for certain types of securities and transactions pursuant to personnel-sharing agreements or similar intercompany arrangements. However, typically the Investment Manager does not coordinate trading activities with a Participating Affiliate with respect to accounts of that Participating Affiliate unless such Participating Affiliate is also providing trading services for accounts managed by the Investment Manager. Similarly, a Participating Affiliate typically does not coordinate trading activities with the Investment Manager with respect to accounts of the Investment Manager unless the Investment Manager is also providing trading services for accounts managed by such Participating Affiliate. As a result, it is possible that the Investment Manager and its Participating Affiliates may trade in the same instruments at the same time, in the same or opposite direction or in different sequence, which could negatively impact the prices paid by the Fund on such instruments. Additionally, in circumstances where trading services are being provided on a coordinated basis for the Investment Manager’s accounts (including the Funds) and the accounts of one or more Participating Affiliates in accordance with applicable law, it is possible that the allocation opportunities available to the Funds may be decreased, especially for less actively traded securities, or orders may take longer to execute, which may negatively impact Fund performance. | |
“Cross trades,” in which a portfolio manager sells a particular security held by a Fund to another account (potentially saving transaction costs for both accounts), could involve a potential conflict of interest if, for example, a portfolio manager is permitted to sell a security from one account to another account at a higher price than an independent third party would pay. The Investment Manager and the Funds have adopted compliance procedures that provide that any transactions between a Fund and another account managed by the Investment Manager are to be made at a current market price, consistent with applicable laws and regulations. | |
Another potential conflict of interest may arise based on the different investment objectives and strategies of a Fund and other accounts managed by its portfolio manager(s). Depending on another account’s objectives and other factors, a portfolio manager may give advice to and make decisions for a Fund that may differ from advice given, or the timing or nature of decisions made, with respect to another account. A portfolio manager’s investment decisions are the product of many factors in addition to basic suitability for the particular account involved. Thus, a portfolio manager may buy or sell a particular security for certain accounts, and not for a Fund, even though it could have been bought or sold for the Fund at the same time. A portfolio manager also may buy a particular security for one or more accounts when one or more other accounts are selling the security (including short sales). There may be circumstances when a portfolio manager’s purchases or sales of portfolio securities for one or more accounts may have an adverse effect on other accounts, including the Funds. | |
To the extent a Fund invests in underlying funds, a portfolio manager will be subject to the potential conflicts of interest described in Potential Conflicts of Interest – Columbia Management – FOF (Fund-of-Funds) below. | |
A Fund’s portfolio manager(s) also may have other potential conflicts of interest in managing the Fund, and the description above is not a complete description of every conflict that could exist in managing the Fund and other accounts. Many of the potential conflicts of interest to which the Investment Manager’s portfolio managers are subject are essentially the same or similar to the potential conflicts of interest related to the investment management activities of the Investment Manager and its affiliates. |
Columbia Management – FoF (Fund-of-Funds): Management of funds-of-funds differs from that of the other Funds. The portfolio management process is set forth generally below and in more detail in the Funds’ prospectus. | |
Portfolio managers of the fund-of-funds may be involved in determining each funds-of-fund’s allocation among the three main asset classes (equity, fixed income and cash) and the allocation among investment categories within each asset class, as well as each funds-of-fund’s allocation among the underlying funds. |
■ | Because of the structure of the funds-of-funds, the potential conflicts of interest for the portfolio managers may be different than the potential conflicts of interest for portfolio managers who manage other Funds. |
■ | The Investment Manager and its affiliates may receive higher compensation as a result of allocations to underlying funds with higher fees. |
Statement of Additional Information – January 1, 2021 | 107 |
■ | In certain cases, the portfolio managers of the underlying funds are the same as the portfolio managers of the Income Builder Fund-of-Funds, and could influence the allocation of fund-of-funds assets to or away from the underlying funds that they manage. |
■ | The Investment Manager and its affiliates may receive higher compensation as a result of allocations to underlying funds with higher fees. |
■ | Time Management. The management of the Fund and other Accounts may result in a portfolio manager devoting unequal time and attention to the management of the Fund and/or Accounts. DFA seeks to manage such competing interests for the time and attention of portfolio managers by having portfolio managers focus on a particular investment discipline. |
Statement of Additional Information – January 1, 2021 | 108 |
■ | Investment Opportunities. It is possible that at times identical securities will be held by the Fund and one or more Accounts. However, positions in the same security may vary and the length of time that the Fund may choose to hold its investment in the same security may likewise vary. If a portfolio manager identifies a limited investment opportunity that may be suitable for the Fund and one or more Accounts, the Fund may not be able to take full advantage of that opportunity due to an allocation of filled purchase or sale orders across all eligible Accounts. To deal with these situations, DFA has adopted procedures for allocating portfolio transactions across multiple Accounts. |
■ | Broker Selection. With respect to securities transactions for the Fund, DFA determines which broker to use to execute each order, consistent with its duty to seek best execution of the transaction. However, with respect to certain Accounts (such as separate accounts), DFA may be limited by the client with respect to the selection of brokers or may be instructed to direct trades through a particular broker. In these cases, DFA or its affiliates may place separate, non-simultaneous, transactions for the Fund and another Account that may temporarily affect the market price of the security or the execution of the transaction, or both, to the detriment of the Fund or the Account. |
■ | Performance-Based Fees. For some Accounts, DFA may be compensated based on the profitability of the Account, such as by a performance-based management fee. These incentive compensation structures may create a conflict of interest for DFA with regard to Accounts where DFA is paid based on a percentage of assets because the portfolio manager may have an incentive to allocate securities preferentially to the Accounts where DFA might share in investment gains. |
■ | Investment in an Account. A portfolio manager or his/her relatives may invest in an Account that he or she manages and a conflict may arise where he or she may therefore have an incentive to treat the Account in which the portfolio manager or his/her relatives invest preferentially as compared to other Accounts for which he or she has portfolio management responsibilities. |
Statement of Additional Information – January 1, 2021 | 109 |
Threadneedle: Threadneedle portfolio managers may manage one or more mutual funds as well as other types of accounts, including proprietary accounts, separate accounts for institutions, and other pooled investment vehicles. Portfolio managers make investment decisions for an account or portfolio based on its investment objectives and policies, and other relevant investment considerations. A portfolio manager may manage a separate account or other pooled investment vehicle whose fees may be materially greater than the management fees paid by the Fund and may include a performance-based fee. Management of multiple funds and accounts may create potential conflicts of interest relating to the allocation of investment opportunities, and the aggregation and allocation of trades. In addition, a portfolio manager’s responsibilities at Threadneedle include working as a securities analyst. This dual role may give rise to conflicts with respect to making investment decisions for accounts that he/she manages versus communicating his/her analyses to other portfolio managers concerning securities that he/she follows as an analyst. | |
Threadneedle has a fiduciary responsibility to all of the clients for which it manages accounts. Threadneedle seeks to provide best execution of all securities transactions and to aggregate securities transactions and then allocate securities to client accounts in a fair and timely manner. Threadneedle has developed policies and procedures, including brokerage and trade allocation policies and procedures, designed to mitigate and manage the potential conflicts of interest that may arise from the management of multiple types of accounts for multiple clients. |
Statement of Additional Information – January 1, 2021 | 110 |
Statement of Additional Information – January 1, 2021 | 111 |
■ | Base salary. Each portfolio manager is paid a base salary. DFA considers the factors described above to determine each portfolio manager’s base salary. |
■ | Semi-Annual Bonus. Each portfolio manager may receive a semi-annual bonus. The amount of the bonus paid to each portfolio manager is based upon the factors described above. |
■ | The long-term pre-tax investment performance of the fund(s) that they manage, |
■ | Diamond Hill’s assessment of the investment contribution they make to strategies they do not manage, |
■ | Diamond Hill’s assessment of each portfolio manager’s overall contribution to the development of the investment team through ongoing discussion, interaction, feedback and collaboration, and |
■ | Diamond Hill’s assessment of each portfolio manager’s contribution to client service, marketing to prospective clients and investment communication activities. Long-term performance is defined as the trailing five years (performance of less than five years is judged on a subjective basis). |
Threadneedle: Direct compensation is typically comprised of a base salary, a fixed role-based allowance paid monthly alongside salary and an annual incentive award that is paid either in the form of a cash bonus if the size of the award is under a specified threshold or, if the size of the award is over a specified threshold, the award is paid in a combination of a |
Statement of Additional Information – January 1, 2021 | 112 |
cash bonus, an equity incentive award, and fund-linked deferred compensation compliant with European regulatory requirements in its structure and delivery vehicles. Equity incentive awards are made in the form of Ameriprise Financial restricted stock, or for senior employees outside our fund management teams both Ameriprise Financial restricted stock and stock options. The investment return credited on deferred compensation is based on the performance of specified Threadneedle funds, in most cases including the funds the portfolio manager manages. | |
Base salary is typically determined based on market data relevant to the employee’s position, as well as other factors including internal equity. Base salaries are reviewed annually, and increases are typically given as promotional increases, internal equity adjustments, or market adjustments. | |
Annual incentive awards and pool funding are variable and are designed to reward: |
■ | Investment performance, both at the individual and team levels |
■ | Client requirements, in particular the alignment with clients through a mandatory deferral into the company’s own products, compliant with local regulation in particular the UCITS V requirements |
■ | Team cooperation and values |
Statement of Additional Information – January 1, 2021 | 113 |
Statement of Additional Information – January 1, 2021 | 114 |
Sales Charges Paid to Distributor |
Amount Retained by Distributor
After Paying Commissions |
|||||
Fund | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 |
For Funds with fiscal period ending April 30 | ||||||
CA Intermediate Municipal Bond Fund | $40,661 | $30,437 | $23,030 | $6,896 | $8,925 | $8,801 |
GA Intermediate Municipal Bond Fund | 820 | 2,563 | 182 | 136 | 442 | 32 |
MD Intermediate Municipal Bond Fund | 7,293 | 665 | 10,814 | 1,085 | 510 | 1,602 |
NC Intermediate Municipal Bond Fund | 10,676 | 3,058 | 13,013 | 1,634 | 1,685 | 2,117 |
SC Intermediate Municipal Bond Fund | 14,422 | 2,541 | 18,752 | 2,807 | 442 | 3,653 |
Short Term Municipal Bond Fund | 50,105 | 34,596 | 22,352 | 24,548 | 19,525 | 8,146 |
VA Intermediate Municipal Bond Fund | 15,052 | 8,007 | 25,845 | 2,847 | 1,393 | 4,080 |
For Funds with fiscal period ending May 31 | ||||||
Commodity Strategy Fund | 4,897 | 11,523 | 16,375 | 646 | 1,652 | 2,236 |
Dividend Opportunity Fund | 659,661 | 816,997 | 915,096 | 102,667 | 127,713 | 148,038 |
Flexible Capital Income Fund | 1,120,990 | 1,344,518 | 892,834 | 191,177 | 214,948 | 137,046 |
High Yield Bond Fund | 321,145 | 240,957 | 381,184 | 53,296 | 37,754 | 67,337 |
Large Cap Value Fund | 384,175 | 429,330 | 542,691 | 56,695 | 63,057 | 82,884 |
Mortgage Opportunities Fund | 311,274 | 432,152 | 56,918 | 64,304 | 68,116 | 9,172 |
Quality Income Fund | 111,905 | 98,487 | 160,363 | 17,852 | 15,975 | 36,822 |
Select Large Cap Value Fund | 87,633 | 288,056 | 320,297 | 18,978 | 46,549 | 48,136 |
Select Small Cap Value Fund | 71,257 | 125,632 | 127,552 | 11,146 | 18,409 | 18,621 |
Seligman Communications and Information Fund | 2,321,259 | 2,178,840 | 4,574,802 | 356,451 | 346,602 | 687,292 |
For Funds with fiscal period ending July 31 | ||||||
Disciplined Core Fund | 787,456 | 1,215,297 | 823,377 | 116,819 | 176,287 | 119,972 |
Disciplined Growth Fund | 127,227 | 265,524 | 253,949 | 19,786 | 39,283 | 39,257 |
Disciplined Value Fund | 26,341 | 52,978 | 68,613 | 10,425 | 10,085 | 10,190 |
Floating Rate Fund | 127,784 | 383,474 | 389,429 | 32,582 | 85,096 | 75,951 |
Global Opportunities Fund | 120,987 | 163,235 | 278,201 | 18,338 | 24,738 | 42,636 |
Government Money Market Fund | 6,298 | 2,680 | 2,206 | 6,298 | 2,680 | 2,206 |
Income Opportunities Fund | 132,413 | 132,396 | 174,911 | 22,398 | 20,927 | 28,812 |
Limited Duration Credit Fund | 185,335 | 138,256 | 154,846 | 37,444 | 22,566 | 27,141 |
MN Tax-Exempt Fund | 386,251 | 265,573 | 300,860 | 78,188 | 54,694 | 65,962 |
Strategic Municipal Income Fund | 610,829 | 617,770 | 690,441 | 149,549 | 111,125 | 114,604 |
For Funds with fiscal period ending August 31 | ||||||
Emerging Markets Bond Fund | 19,558 | 36,166 | 92,632 | 3,566 | 6,453 | 16,510 |
2019 | 2018 | 2017 | 2019 | 2018 | 2017 | |
For Funds with fiscal period ending October 31 | ||||||
Select Global Equity Fund | 174,358 | 195,674 | 118,566 | 26,395 | 28,399 | 17,378 |
Seligman Global Technology Fund | 331,398 | 852,065 | 1,106,649 | 52,074 | 132,122 | 163,810 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
Statement of Additional Information – January 1, 2021 | 115 |
Distribution Fee | Service Fee | Combined Total | |
Class A | — | — | 0.25%(a)(b) |
Class Adv | None | None | None |
Class C | 0.75%(c) | 0.25% | 1.00%(b) |
Class Inst | None | None | None |
Class Inst2 | None | None | None |
Class Inst3 | None | None | None |
Class R (Series of CFST) | 0.50% | —(d) | 0.50% |
Class R (Series of CFST II) | up to 0.50% | up to 0.25% | 0.50%(d)(b) |
Class V | None | 0.50%(e) | 0.50%(e) |
(a) | All Funds, other than Government Money Market Fund, pay a combined distribution and service fee for Class A shares. |
(b) | Government Money Market Fund, for Class A shares, pays distribution and service fees of 0.10% and for Class C shares, pays distribution fees of 0.75%. The payment of the distribution and/or service fees payable by Government Money Market Fund under its Plan of Distribution has been suspended through November 30, 2021. This arrangement may be modified or terminated at the sole discretion of the Board at any time. Compensation paid to financial intermediaries is suspended for the duration of the suspension of payments under Government Money Market Fund’s Plan of Distribution. |
(c) | For Short Term Bond Fund, the Distributor has contractually agreed to waive a portion of the distribution fee for Class C shares so that the distribution fee does not exceed 0.55% annually through August 31, 2021. |
(d) | Class R shares of series of CFST pay a distribution fee pursuant to a Fund’s Rule 12b-1 plan for Class R shares and do not have a shareholder service plan for Class R shares. Series of CFST II have a distribution and shareholder service plan for Class R shares pursuant to which the maximum fee under the plan reimbursed for distribution expenses is equal on an annual basis to 0.50% of the average daily net assets attributable to Class R shares of the Funds, of which amount, up to 0.25% may be reimbursed for shareholder service expense. |
(e) | The shareholder servicing fees for Class V shares are up to 0.50% of average daily net assets attributable to Class V shares for equity Funds and 0.40% for fixed income Funds. In general, the Funds currently limit such fees to a maximum of 0.25% for equity Funds and 0.15% for fixed income Funds. These fees for Class V shares are not paid pursuant to a Rule 12b-1 plan. See Class V Shares Shareholder Service Fees below for more information. |
Statement of Additional Information – January 1, 2021 | 116 |
Statement of Additional Information – January 1, 2021 | 117 |
Fund | Class A | Class C | Class R | Class V |
Convertible Securities Fund | $765,289 | $525,009 | $10,588 | N/A |
Global Equity Value Fund | 1,592,495 | 47,597 | 4,901 | N/A |
Large Cap Enhanced Core Fund | 170,921 | N/A | 285,194 | N/A |
Large Cap Growth Opportunity Fund | 2,393,707 | 463,031 | 117,995 | N/A |
Large Cap Index Fund | 1,723,420 | N/A | N/A | N/A |
Mid Cap Index Fund | 3,134,929 | N/A | N/A | N/A |
Overseas Core Fund | 436 | 423 | 281 | N/A |
Overseas Value Fund | 839,005 | 355,560 | 34,672 | N/A |
Select Large Cap Equity Fund | 402,485 | 70,522 | N/A | N/A |
Select Mid Cap Value Fund | 1,405,090 | 171,253 | 148,093 | N/A |
Small Cap Index Fund | 3,213,366 | N/A | N/A | N/A |
Small Cap Value Fund II | 323,344 | 4,406 | 28,313 | N/A |
For Funds with fiscal period ending March 31 | ||||
Short Term Bond Fund | 567,918 | 195,515 | 12,038 | N/A |
For Funds with fiscal period ending April 30 | ||||
CA Intermediate Municipal Bond Fund | 79,069 | 110,601 | N/A | N/A |
GA Intermediate Municipal Bond Fund | 25,783 | 16,468 | N/A | N/A |
MD Intermediate Municipal Bond Fund | 30,716 | 16,915 | N/A | N/A |
NC Intermediate Municipal Bond Fund | 43,209 | 35,293 | N/A | N/A |
SC Intermediate Municipal Bond Fund | 61,064 | 63,397 | N/A | N/A |
Short Term Municipal Bond Fund | 173,156 | 45,117 | N/A | N/A |
VA Intermediate Municipal Bond Fund | 60,878 | 24,513 | N/A | N/A |
For Funds with fiscal period ending May 31 | ||||
Commodity Strategy Fund | 4,191 | 972 | 2,369 | N/A |
Dividend Opportunity Fund | 3,440,112 | 1,978,538 | 190,560 | N/A |
Flexible Capital Income Fund | 562,908 | 2,263,687 | 7,382 | N/A |
High Yield Bond Fund | 1,684,907 | 299,505 | 89,332 | N/A |
Large Cap Value Fund | 4,062,423 | 218,533 | 15,798 | N/A |
MM Value Strategies Fund | 11,007 | N/A | N/A | N/A |
Mortgage Opportunities Fund | 296,533 | 408,280 | N/A | N/A |
Quality Income Fund | 1,106,693 | 218,260 | 10,396 | N/A |
Select Large Cap Value Fund | 562,163 | 434,653 | 105,645 | N/A |
Select Small Cap Value Fund | 859,771 | 75,490 | 21,902 | N/A |
Seligman Communications and Information Fund | 10,720,036 | 3,419,007 | 340,874 | N/A |
For Funds with fiscal period ending July 31 | ||||
Disciplined Core Fund | 8,615,953 | 445,216 | 17,002 | N/A |
Disciplined Growth Fund | 311,548 | 163,528 | 4,211 | N/A |
Disciplined Value Fund | 163,843 | 98,320 | 11,611 | $173,980 |
Floating Rate Fund | 629,756 | 622,041 | 9,740 | N/A |
Global Opportunities Fund | 1,194,400 | 117,144 | 8,395 | N/A |
Government Money Market Fund | 0 | 0 | 0 | N/A |
Income Opportunities Fund | 863,853 | 312,423 | 3,856 | N/A |
Limited Duration Credit Fund | 441,774 | 221,373 | N/A | N/A |
MN Tax-Exempt Fund | 1,052,595 | 582,933 | N/A | N/A |
Statement of Additional Information – January 1, 2021 | 118 |
Fund | Class A | Class C | Class R | Class V |
Strategic Municipal Income Fund | $2,045,058 | $850,229 | N/A | N/A |
For Funds with fiscal period ending August 31 | ||||
Emerging Markets Bond Fund | 121,595 | 110,960 | $112,219 | N/A |
For Funds with fiscal period ending October 31 | ||||
Select Global Equity Fund | 851,391 | 90,311 | 2,878 | N/A |
Seligman Global Technology Fund | 1,828,415 | 690,556 | 264,480 | N/A |
Statement of Additional Information – January 1, 2021 | 119 |
Statement of Additional Information – January 1, 2021 | 120 |
Amounts Reimbursed | |||
2020 | 2019 | 2018 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $0 | $0 | $0 |
Capital Allocation Conservative Portfolio | 0 | 0 | 0 |
Capital Allocation Moderate Aggressive Portfolio | 0 | 0 | 0 |
Capital Allocation Moderate Conservative Portfolio | 0 | 0 | 0 |
Capital Allocation Moderate Portfolio | 0 | 0 | 0 |
Income Builder Fund | 0 | 0 | 0 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 660,488 | 711,529 | 756,975 |
Global Equity Value Fund | 0 | 0 | 0 |
Large Cap Enhanced Core Fund | 1,665,918 | 1,384,108 | 1,344,982 |
Large Cap Growth Opportunity Fund | 1,155,543 | 634,659 | 0 |
Large Cap Index Fund | 116,212 | 78,888 | 125,671 |
Mid Cap Index Fund | 4,723,607 | 5,462,764 | 5,631,382 |
Overseas Core Fund | 329,617 | 535,410(a) | N/A |
Overseas Value Fund | 464,931 | 634,875 | 76,710 |
Select Large Cap Equity Fund | 2,717,031 | 2,485,978 | 341,985 |
Select Mid Cap Value Fund | 696,721 | 586,542 | 121,212 |
Small Cap Index Fund | 132,424 | 94,511 | 125,880 |
Small Cap Value Fund II | 690,475 | 830,884 | 427,843 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 787,097 | 705,092 | 848,588 |
For Funds with fiscal period ending April 30 | |||
CA Intermediate Municipal Bond Fund | 507,174 | 520,039 | 605,380 |
GA Intermediate Municipal Bond Fund | 78,775 | 94,096 | 109,359 |
MD Intermediate Municipal Bond Fund | 79,409 | 103,329 | 131,322 |
NC Intermediate Municipal Bond Fund | 76,868 | 87,803 | 126,744 |
SC Intermediate Municipal Bond Fund | 108,181 | 127,521 | 140,635 |
Short Term Municipal Bond Fund | 1,121,225 | 1,404,854 | 1,832,498 |
VA Intermediate Municipal Bond Fund | 90,867 | 103,613 | 143,250 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 0 | 0 | 0 |
Dividend Opportunity Fund | 0 | 0 | 0 |
Flexible Capital Income Fund | 0 | 0 | 0 |
High Yield Bond Fund | 71,162 | 0 | 0 |
Large Cap Value Fund | 0 | 0 | 0 |
MM Value Strategies Fund | 464,184 | 0 | 0 |
Mortgage Opportunities Fund | 465,515 | 656,775 | 285,628 |
Quality Income Fund | 306,918 | 319,248 | 139,746 |
Select Large Cap Value Fund | 3,511,498 | 3,705,365 | 1,257,794 |
Statement of Additional Information – January 1, 2021 | 121 |
Amounts Reimbursed | |||
2020 | 2019 | 2018 | |
Select Small Cap Value Fund | $0 | $0 | $0 |
Seligman Communications and Information Fund | 0 | 0 | 0 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 0 | 0 | 0 |
Disciplined Growth Fund | 57,123 | 0 | 1,470 |
Disciplined Value Fund | 731,414 | 554,574 | 511,779 |
Floating Rate Fund | 229,446 | 129 | 153,582 |
Global Opportunities Fund | 0 | 0 | 0 |
Government Money Market Fund | 916,555 | 876,983 | 895,140 |
Income Opportunities Fund | 654,116 | 0 | 48,357 |
Limited Duration Credit Fund | 291,078 | 235,744 | 240,809 |
MN Tax-Exempt Fund | 0 | 0 | 0 |
Strategic Municipal Income Fund | 39,986 | 14,650 | 13 |
For Funds with fiscal period ending August 31 | |||
Emerging Markets Bond Fund | 0 | 0 | 0 |
2019 | 2018 | 2017 | |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund | 0 | 0 | 0 |
Seligman Global Technology Fund | 0 | 0 | 0 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
Statement of Additional Information – January 1, 2021 | 122 |
Fees Waived | |||
2020 | 2019 | 2018 | |
For Funds with fiscal period ending August 31 | |||
Emerging Markets Bond Fund | $0 | $0 | $10,290 |
2019 | 2018 | 2017 | |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund | 1,325 | 2,666 | 0 |
Statement of Additional Information – January 1, 2021 | 123 |
Statement of Additional Information – January 1, 2021 | 124 |
Statement of Additional Information – January 1, 2021 | 125 |
Statement of Additional Information – January 1, 2021 | 126 |
Statement of Additional Information – January 1, 2021 | 127 |
Statement of Additional Information – January 1, 2021 | 128 |
Name, address, year of birth |
Position held with Subsidiary
and length of service |
Principal occupation during past five years |
Brian M. Engelking
5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1979 |
Director since
March 2020 |
Global Lead Financial Officer – Columbia Threadneedle Investments at Ameriprise Financial, Inc. since June 2020. Previously, Vice President – Finance, Ameriprise Financial, Inc. and served in various finance leadership roles with Ameriprise Financial, Inc. since 2000. |
Christopher O. Petersen
5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1970 |
Director since
January 2015 |
See Fund Governance – Fund Officers. |
Statement of Additional Information – January 1, 2021 | 129 |
Subsidiary |
Assets
(millions) |
Annual rate at
each asset level(a) |
CCSF Offshore Fund, Ltd.
(Subsidiary of Commodity Strategy Fund) |
$0 - $500 | 0.630% |
>$500 - $1,000 | 0.580% | |
>$1,000 - $3,000 | 0.550% | |
>$3,000 - $6,000 | 0.520% | |
>$6,000 - $12,000 | 0.500% | |
>$12,000 | 0.490% |
(a) | When calculating asset levels for purposes of determining fee rate breakpoints, asset levels are based on aggregate net assets of the Fund and the Parent Fund. When calculating the fee payable under this agreement, the annual rates are based on a percentage of the daily net assets of the Fund. |
Statement of Additional Information – January 1, 2021 | 130 |
Name, Address, Year of Birth | Position Held with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During the Past Five Years |
Committee Assignments |
George S. Batejan
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1953 |
Trustee
2017 |
Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 176 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 | Compliance, Contracts, Investment Oversight Committee |
Kathleen Blatz
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1954 |
Trustee
2006 |
Attorney, specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January -July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 176 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee, 2014-2017; Chair of the Governance Committee, 2017-2020); Chair of the Robina Foundation since August 2013; former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017 | Compliance, Contracts, Investment Oversight Committee |
Statement of Additional Information – January 1, 2021 | 131 |
Name, Address, Year of Birth | Position Held with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During the Past Five Years |
Committee Assignments |
Pamela G. Carlton
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1954 |
Trustee
2007 |
President, Springboard- Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996- 1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, Morgan Stanley, 1982-1991 | 176 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of Human Resources Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 | Contracts, Board Governance, Investment Oversight Committee |
Janet Langford Carrig
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1957 |
Trustee
1996 |
Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007-October 2018 | 174 | Director, EQT Corporation (natural gas producer) since 2019; Director, Whiting Petroleum Corporation (independent oil and gas company) since 2020 | Compliance, Contracts, Board Governance, Investment Oversight Committee |
J. Kevin Connaughton
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1964 |
Trustee
2020(a) |
Member, FINRA National Adjudicatory Council since January 2020; Adjunct Professor of Finance, Bentley University since January 2018; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC, May 2010-February 2015; President, Columbia Funds, 2008-2015; and senior officer of Columbia Funds and affiliated funds, 2003-2015 | 174 | Director, The Autism Project since March 2015; former Member of the Investment Committee, St. Michael’s College, November 2015-February 2020; former Trustee, St. Michael’s College, June 2017-September 2019; former Trustee, New Century Portfolios, January 2015-December 2017 | Audit, Contracts, Investment Oversight Committee |
Olive Darragh
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1962 |
Trustee
2020(a) |
Managing Director of Darragh Inc. (strategy and talent management consulting firm) since 2010; Founder and CEO, Zolio, Inc. (investment management talent identification platform) since 2004; Partner, Tudor Investments, 2004-2010; Senior Partner, McKinsey & Company, 2001-2004 | 174 | Former Director, University of Edinburgh Business School; former Director, Boston Public Library Foundation | Audit, Contracts, Investment Oversight Committee |
Statement of Additional Information – January 1, 2021 | 132 |
Name, Address, Year of Birth | Position Held with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During the Past Five Years |
Committee Assignments |
Patricia M. Flynn
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1950 |
Trustee
2004 |
Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 176 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative since 2010; Board of Directors, The MA Business Roundtable 2003-2019 | Audit, Contracts, Investment Oversight Committee |
Brian J. Gallagher
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1954 |
Trustee
2017 |
Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 176 | Trustee, Catholic Schools Foundation since 2004 | Audit, Contracts, Investment Oversight Committee |
Douglas A. Hacker
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1955 |
Trustee and Co-Chair of the Board (since 2020)
1996 |
Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines, December 2002 - May 2006; President of UAL Loyalty Services (airline marketing company), September 2001-December 2002; Executive Vice President and Chief Financial Officer of United Airlines, July 1999-September 2001 | 174 | Director, Spartan Nash Company (food distributor); Director, Aircastle Limited (aircraft leasing); former Director, Nash Finch Company (food distributor), 2005-2013; former Director, SeaCube Container Leasing Ltd. (container leasing), 2010-2013; and former Director, Travelport Worldwide Limited (travel information technology), 2014-2019 | Contracts, Board Governance, Investment Oversight Committee |
Nancy T. Lukitsh
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1956 |
Trustee
2011 |
Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997-2010 | 174 | None | Contracts, Board Governance, Investment Oversight Committee |
Statement of Additional Information – January 1, 2021 | 133 |
Name, Address, Year of Birth | Position Held with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During the Past Five Years |
Committee Assignments |
David M. Moffett
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1952 |
Trustee
2011 |
Retired; Consultant to Bridgewater and Associates | 174 | Director, CSX Corporation (transportation suppliers); Director, Genworth Financial, Inc. (financial and insurance products and services); Director, Paypal Holdings Inc. (payment and data processing services); Trustee, University of Oklahoma Foundation; former Director, eBay Inc. (online trading community), 2007-2015; and former Director, CIT Bank, CIT Group Inc. (commercial and consumer finance), 2010-2016 | Audit, Contracts, Investment Oversight Committee |
Catherine James Paglia
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1952 |
Trustee and Co-Chair of the Board (since 2020)
2004 |
Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Managing Director, Morgan Stanley, 1982-1989; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 176 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) | Contracts, Board Governance, Investment Oversight Committee |
Anthony M. Santomero
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1946 |
Trustee
2008 |
Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 176 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, RenaissanceRe Holdings Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 | Contracts, Board Governance, Investment Oversight Committee |
Statement of Additional Information – January 1, 2021 | 134 |
Name, Address, Year of Birth | Position Held with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During the Past Five Years |
Committee Assignments |
Minor M. Shaw
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1947 |
Trustee
2003 |
President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 176 | Director, BlueCross BlueShield of South Carolina since April 2008; Trustee, Hollingsworth Funds since 2016 (previously Board Chair from 2016-2019); Advisory Board member, Duke Energy Corp. since October 2016; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018 | Compliance, Contracts, Investment Oversight Committee |
Natalie A. Trunow
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1967 |
Trustee
2020(a) |
Chief Executive Officer, Millennial Portfolio Solutions LLC (asset management and consulting services) since January 2016; Non-executive Member of the Investment Committee, Sarona Asset Management Inc. (private equity firm) since September 2019; Advisor, Horizon Investments (asset management and consulting services) since August 2018; Advisor, Paradigm Asset Management since November 2016; Director of Investments, Casey Family Programs, April 2016-September 2016; Senior Vice President and Chief Investment Officer, Calvert Investments, August 2008 - January 2016; Section Head and Portfolio Manager, General Motors Asset Management, June 1997-August 2008 | 174 | Director, Health Services for Children with Special Needs, Inc.; Director, Consumer Credit Counseling Services (formerly Guidewell Financial Solutions); Independent Director, Investment Committee, Sarona Asset Management | Compliance, Contracts, Investment Oversight Committee |
Statement of Additional Information – January 1, 2021 | 135 |
Name, Address, Year of Birth | Position Held with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During the Past Five Years |
Committee Assignments |
Sandra Yeager
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1964 |
Trustee
2017 |
Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 176 | Director, NAPE Education Foundation since October 2016 | Audit, Contracts, Investment Oversight Committee |
* | The term “Fund Complex” as used herein includes each series of CFST, CFST I, CFST II, Columbia ETF Trust I, Columbia ETF Trust II, Columbia Funds Variable Insurance Trust, Columbia Funds Variable Series Trust II, Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. Messrs. Batejan, Gallagher and Santomero and Mses. Blatz, Carlton, Flynn, Paglia, Shaw and Yeager serve as a director of Columbia Seligman Premium Technology Growth Fund and Tri-Continental Corporation. |
(a) | J. Kevin Connaughton was appointed a consultant to the Independent Trustees of CFST I effective March 1, 2016. Natalie A. Trunow was appointed a consultant to the Independent Trustees of CFST I effective September 1, 2016. Olive Darragh was appointed a consultant to the Independent Trustees of CFST I effective June 10, 2019. Shareholders of the Funds elected Mr. Connaughton and Mses. Darragh and Trunow as Trustees, effective January 1, 2021. |
Name, Address,
Year of Birth |
Position Held
with the Trusts and Length of Service |
Principal Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number of
Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years |
Committee
Assignments |
Christopher O. Petersen
c/o Columbia Threadneedle 5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 |
Trustee
2020(a) |
Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously Vice President and Chief Counsel, January 2010-December 2014); officer of Columbia Funds and affiliated funds since 2007. | 176 | None | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
(a) | Mr. Petersen serves as the President and Principal Executive Officer of the Funds (since 2015). |
Statement of Additional Information – January 1, 2021 | 136 |
Statement of Additional Information – January 1, 2021 | 137 |
Name, Address
and Year of Birth |
Position and Year
First Appointed to Position for any Fund in the Columbia Funds Complex or a Predecessor Thereof |
Principal Occupation(s) During Past Five Years |
Daniel J. Beckman
225 Franklin Street Boston, MA 02110 1962 |
Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015); previously, Senior Vice President of Investment Product Management, Fidelity Financial Advisor Solutions, a division of Fidelity Investments (January 2012 – March 2015). |
Michael E. DeFao
225 Franklin Street Boston, MA 02110 1968 |
Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn Kephart-Strong
5228 Ameriprise Financial Center Minneapolis, MN 55474 1960 |
Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Statement of Additional Information – January 1, 2021 | 138 |
Statement of Additional Information – January 1, 2021 | 139 |
Statement of Additional Information – January 1, 2021 | 140 |
Statement of Additional Information – January 1, 2021 | 141 |
Statement of Additional Information – January 1, 2021 | 142 |
Fiscal Period |
Audit
Committee |
Compliance
Committee |
Contracts
Committee |
Executive
Committee(a) |
Board Governance
Committee |
Investment
Review Committee(b) |
For the fiscal year
ending January 31, 2020 |
5 | 4 | 5 | 4 | 6 | 7 |
For the fiscal year
ending February 29, 2020 |
5 | 5 | 6 | 5 | 7 | 8 |
For the fiscal year
ending March 31, 2020 |
5 | 5 | 6 | 5 | 6 | 8 |
For the fiscal year
ending April 30, 2020 |
5 | 5 | 7 | 4 | 6 | 6 |
For the fiscal year
ending May 31, 2020 |
5 | 5 | 7 | 4 | 6 | 6 |
For the fiscal year
ending July 31, 2020 |
5 | 5 | 7 | 3 | 6 | 5 |
For the fiscal year
ending August 31, 2020 |
6 | 6 | 7 | 3 | 6 | 5 |
For the fiscal year
ending October 31, 2019 |
6 | 5 | 6 | 6 | 7 | 8 |
(a) | The Executive Committee ceased to operate as of June 2020 and was terminated by the Board effective January 1, 2021. |
(b) | Performed similar functions as the Investment Oversight Committee. |
Batejan | Blatz | Carlton | Carrig | Connaughton | Darragh | Flynn | Gallagher | |
CA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Capital Allocation Aggressive Portfolio | A | A | A | A | A | A | A | C(a) |
Capital Allocation Conservative Portfolio | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Aggressive Portfolio | A | A | A | A | A | A | A | E(a) |
Capital Allocation Moderate Conservative Portfolio | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Portfolio | A | A | A | A | A | A | A | A |
Commodity Strategy Fund | A | A | A | A | A | A | A | A |
Convertible Securities Fund | A | A | C | A | D | A | A | A |
Disciplined Core Fund | A | A | A | A | A | A | A | A |
Disciplined Growth Fund | A | A | A | A | A | A | A | A |
Disciplined Value Fund | D | A | A | A | A | A | A | A |
Dividend Opportunity Fund | D | E | C | A | A | A | A | A |
Emerging Markets Bond Fund | A | A | A | A | A | A | A | A |
Statement of Additional Information – January 1, 2021 | 143 |
Batejan | Blatz | Carlton | Carrig | Connaughton | Darragh | Flynn | Gallagher | |
Flexible Capital Income Fund | A | A | E(a) | A | A | A | A | A |
Floating Rate Fund | A | A | A | A | A | A | A | D |
GA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Global Equity Value Fund | A | E | A | A | A | A | A | A |
Global Opportunities Fund | A | A | A | A | A | A | C | A |
Government Money Market Fund | A | A | C(a) | A | A | E | C(a) | B(a) |
High Yield Bond Fund | A | A | A | A | A | A | A | A |
Income Builder Fund | A | A | A | A | A | A | A | E(a) |
Income Opportunities Fund | A | A | C | A | A | A | A | A |
Large Cap Enhanced Core Fund | A | A | D | A | A | A | E(a) | A |
Large Cap Growth Opportunity Fund | A | A | A | A | A | A | A | A |
Large Cap Index Fund | A | A | A | A | A | A | A | A |
Large Cap Value Fund | A | A | A | A | A | A | A | A |
Limited Duration Credit Fund | A | A | A | A | A | A | E(a) | A |
MD Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Mid Cap Index Fund | A | A | A | A | A | A | A | A |
MM Value Strategies Fund | A | A | A | A | A | A | A | D(a) |
MN Tax-Exempt Fund | A | A | A | A | A | A | A | A |
Mortgage Opportunities Fund | A | A | A | A | A | A | A | A |
NC Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Overseas Core Fund | A | A | A | A | A | A | A | A |
Overseas Value Fund | A | A | A | A | A | A | A | E(a) |
Quality Income Fund | A | D | A | A | A | A | A | A |
SC Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Select Global Equity Fund | A | A | A | A | A | A | A | A |
Select Large Cap Equity Fund | A | A | A | A | A | A | A | A |
Select Large Cap Value Fund | D | A | C | A | A | A | A | A |
Select Mid Cap Value Fund | A | A | E(a) | A | A | A | A | A |
Select Small Cap Value Fund | E | A | A | A | A | A | A | A |
Seligman Communications and Information Fund | A | E | E(a) | A | A | A | A | A |
Seligman Global Technology Fund | A | B | A | A | A | A | E(a) | A |
Short Term Bond Fund | A | A | D | A | A | A | A | A |
Short Term Municipal Bond Fund | A | A | A | A | A | A | A | A |
Small Cap Index Fund | A | A | A | A | A | A | E(a) | A |
Small Cap Value Fund II | A | A | A | A | A | A | A | A |
Strategic Municipal Income Fund | A | A | A | A | A | A | A | A |
VA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Aggregate Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee | E | E | E(a) | A | D | E | E(a) | E(a) |
(a) | Includes the value of compensation payable under a Deferred Compensation Plan that is determined as if the amounts deferred had been invested, as of the date of deferral, in shares of one or more funds in the Columbia Funds Complex overseen by the Trustee as specified by the Trustee. |
Statement of Additional Information – January 1, 2021 | 144 |
Hacker | Lukitsh | Moffett | Paglia | Santomero | Shaw | Trunow | Yeager | |
CA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Capital Allocation Aggressive Portfolio | A | A | A | A | A | A | A | A |
Capital Allocation Conservative Portfolio | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Aggressive Portfolio | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Conservative Portfolio | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Portfolio | A | A | A | A | A | A | A | A |
Commodity Strategy Fund | A | A | A | A | A | A | A | A |
Convertible Securities Fund | A | A | A | A | A | C(b) | A | A |
Disciplined Core Fund | A | A | A | A | A | E(b) | A | E(a) |
Disciplined Growth Fund | A | A | A | A | A | A | A | A |
Disciplined Value Fund | A | A | A | A | A | C(b) | A | A |
Dividend Opportunity Fund | A | A | A | A | A | E(a) | A | A |
Emerging Markets Bond Fund | A | A | A | A | A | A | A | A |
Flexible Capital Income Fund | A | A | A | E(a) | A | A | A | A |
Floating Rate Fund | A | A | A | E(a) | A | A | A | A |
GA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Global Equity Value Fund | A | A | A | A | A | A | A | A |
Global Opportunities Fund | A | A | A | A | A | A | A | A |
Government Money Market Fund | A | A | A | D(a) | B(a) | C(a) | E(a) | B(a) |
High Yield Bond Fund | E | A | A | A | A | A | A | A |
Income Builder Fund | A | A | A | A | A | A | A | A |
Income Opportunities Fund | A | A | A | A | A | C(b) | A | A |
Large Cap Enhanced Core Fund | A | A | A | A | A | A | A | A |
Large Cap Growth Opportunity Fund | A | A | A | A | A | E(a) | A | A |
Large Cap Index Fund | A | A | A | A | A | E(b) | A | A |
Large Cap Value Fund | A | A | A | A | A | A | A | A |
Limited Duration Credit Fund | A | A | A | A | E(a) | A | A | A |
MD Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Mid Cap Index Fund | A | A | A | A | A | E(a)(b) | A | D(a) |
MM Value Strategies Fund | A | A | A | A | A | A | A | A |
MN Tax-Exempt Fund | A | A | A | A | A | A | A | A |
Mortgage Opportunities Fund | A | A | A | E | A | A | A | A |
NC Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Overseas Core Fund | A | A | A | A | A | D(b) | A | A |
Overseas Value Fund | A | A | A | A | A | A | A | A |
Quality Income Fund | A | A | A | A | A | D(b) | A | A |
SC Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Select Global Equity Fund | A | A | A | A | A | A | A | A |
Select Large Cap Equity Fund | A | A | A | A | A | A | A | A |
Select Large Cap Value Fund | A | A | A | A | A | A | A | A |
Select Mid Cap Value Fund | E | A | A | A | A | A | A | A |
Select Small Cap Value Fund | A | A | A | A | A | A | A | A |
Seligman Communications and Information Fund | A | A | A | A | A | A | A | A |
Seligman Global Technology Fund | A | A | A | A | A | A | A | A |
Statement of Additional Information – January 1, 2021 | 145 |
Hacker | Lukitsh | Moffett | Paglia | Santomero | Shaw | Trunow | Yeager | |
Short Term Bond Fund | A | A | A | A | E(a) | C(b) | A | A |
Short Term Municipal Bond Fund | A | A | A | A | A | A | A | A |
Small Cap Index Fund | A | A | A | A | A | E(a)(b) | A | C(a) |
Small Cap Value Fund II | A | A | A | A | A | A | A | A |
Strategic Municipal Income Fund | A | A | A | A | A | A | A | A |
VA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A |
Aggregate Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee | E | A | A | E(a) | E(a) | E(a)(b) | E(a) | E(a) |
(a) | Includes the value of compensation payable under a Deferred Compensation Plan that is determined as if the amounts deferred had been invested, as of the date of deferral, in shares of one or more funds in the Columbia Funds Complex overseen by the Trustee as specified by the Trustee. |
(b) | Ms. Shaw invests in a Section 529 Plan managed by the Investment Manager that allocates assets to various open-end funds, including Columbia Funds. The amount shown in the table includes the value of her interest in this plan determined as if her investment in the plan were invested directly in the Columbia Fund pursuant to the plan’s target allocations. |
Petersen | |
CA Intermediate Municipal Bond Fund | A |
Capital Allocation Aggressive Portfolio | C |
Capital Allocation Conservative Portfolio | A |
Capital Allocation Moderate Aggressive Portfolio | A |
Capital Allocation Moderate Conservative Portfolio | A |
Capital Allocation Moderate Portfolio | D |
Commodity Strategy Fund | A |
Convertible Securities Fund | A |
Disciplined Core Fund | C(a) |
Disciplined Growth Fund | B |
Disciplined Value Fund | B(a) |
Dividend Opportunity Fund | C |
Emerging Markets Bond Fund | B(a) |
Flexible Capital Income Fund | D |
Floating Rate Fund | A |
GA Intermediate Municipal Bond Fund | A |
Global Equity Value Fund | C |
Global Opportunities Fund | C |
Government Money Market Fund | B(a) |
High Yield Bond Fund | A |
Income Builder Fund | A |
Income Opportunities Fund | B(a) |
Large Cap Enhanced Core Fund | A |
Large Cap Growth Opportunity Fund | A |
Large Cap Index Fund | C(a) |
Large Cap Value Fund | A |
Limited Duration Credit Fund | B |
MD Intermediate Municipal Bond Fund | A |
Mid Cap Index Fund | B(a) |
MM Value Strategies Fund | C |
Statement of Additional Information – January 1, 2021 | 146 |
Petersen | |
MN Tax-Exempt Fund | D |
Mortgage Opportunities Fund | B |
NC Intermediate Municipal Bond Fund | A |
Overseas Core Fund | B(a) |
Overseas Value Fund | B |
Quality Income Fund | B(a) |
SC Intermediate Municipal Bond Fund | A |
Select Global Equity Fund | C |
Select Large Cap Equity Fund | A |
Select Large Cap Value Fund | A |
Select Mid Cap Value Fund | A |
Select Small Cap Value Fund | A |
Seligman Communications and Information Fund | A |
Seligman Global Technology Fund | A |
Short Term Bond Fund | B(a) |
Short Term Municipal Bond Fund | A |
Small Cap Index Fund | B(a) |
Small Cap Value Fund II | A |
Strategic Municipal Income Fund | D |
VA Intermediate Municipal Bond Fund | A |
Aggregate Dollar Range of Equity Securities in all Funds in the
Columbia Funds Complex Overseen by the Trustee |
E(a)(b) |
(a) | Mr. Petersen invests in a Section 529 Plan managed by the Investment Manager that allocates assets to various open-end funds, including Columbia Funds. The amount shown in the table includes the value of his interest in this plan determined as if his investment in the plan were invested directly in the Columbia Fund pursuant to the plan’s target allocations. |
(b) | With respect to Mr. Petersen, this amount includes compensation payable under a Deferred Compensation Plan administered by Ameriprise Financial. |
Statement of Additional Information – January 1, 2021 | 147 |
(a) | Includes any portion of cash compensation Trustees elected to defer during the fiscal period. |
(b) | The Trustees may elect to defer a portion of the total cash compensation payable. Additional information regarding the Deferred Compensation Plan is described below. |
(c) | Mr. Boudreau served as Trustee until December 31, 2019, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(d) | From January 1, 2020 to June 30, 2020, Mr. Connaughton and Mses. Darragh and Trunow received compensation from the Funds for serving as a consultant to the Independent Trustees at an annual rate of $295,000; from July 1, 2020 to December 31, 2020, the consultants received the same compensation as they would receive were they Trustees. Mr. Connaughton and Mses. Darragh and Trunow were elected as Trustees effective January 1, 2021. |
(e) | Dr. Neuhauser served as Trustee until December 31, 2020, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(f) | Mr. Simpson served as Trustee until December 31, 2020, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(g) | Ms. Verville served as Trustee until December 11, 2019, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
Statement of Additional Information – January 1, 2021 | 148 |
Fund |
Aggregate Compensation from Fund
Independent Trustees |
|||||
Batejan | Blatz | Boudreau(a) | Carlton | Carmichael(b) | Flynn | |
For Funds with fiscal period ending January 31 | ||||||
Capital Allocation Aggressive Portfolio | $1,826 | $1,812 | $2,139 | $1,813 | N/A | $1,813 |
Amount Deferred | $0 | $0 | $1,326 | $544 | N/A | $1,762 |
Capital Allocation Conservative Portfolio | $1,232 | $1,223 | $1,444 | $1,223 | N/A | $1,223 |
Amount Deferred | $0 | $0 | $895 | $367 | N/A | $1,190 |
Capital Allocation Moderate Aggressive Portfolio | $3,412 | $3,387 | $4,003 | $3,387 | N/A | $3,387 |
Amount Deferred | $0 | $0 | $2,482 | $1,016 | N/A | $3,294 |
Capital Allocation Moderate Conservative Portfolio | $1,596 | $1,584 | $1,872 | $1,585 | N/A | $1,585 |
Amount Deferred | $0 | $0 | $1,160 | $475 | N/A | $1,542 |
Capital Allocation Moderate Portfolio | $2,766 | $2,746 | $3,245 | $2,746 | N/A | $2,746 |
Amount Deferred | $0 | $0 | $2,012 | $824 | N/A | $2,671 |
Income Builder Fund | $2,554 | $2,534 | $2,986 | $2,536 | N/A | $2,536 |
Amount Deferred | $0 | $0 | $1,851 | $761 | N/A | $2,464 |
For Funds with fiscal period ending February 28/29 | ||||||
Convertible Securities Fund | $2,595 | $2,575 | $2,605 | $2,578 | N/A | $2,578 |
Amount Deferred | $0 | $0 | $1,615 | $773 | N/A | $2,369 |
Global Equity Value Fund | $1,946 | $1,932 | $1,990 | $1,932 | N/A | $1,932 |
Amount Deferred | $0 | $0 | $1,234 | $580 | N/A | $1,790 |
Large Cap Enhanced Core Fund | $1,676 | $1,664 | $1,728 | $1,664 | N/A | $1,664 |
Amount Deferred | $0 | $0 | $1,072 | $499 | N/A | $1,548 |
Large Cap Growth Opportunity Fund | $2,942 | $2,920 | $3,002 | $2,921 | N/A | $2,921 |
Amount Deferred | $0 | $0 | $1,861 | $876 | N/A | $2,703 |
Large Cap Index Fund | $5,264 | $5,226 | $5,368 | $5,227 | N/A | $5,227 |
Amount Deferred | $0 | $0 | $3,328 | $1,568 | N/A | $4,837 |
Mid Cap Index Fund | $6,076 | $6,033 | $6,291 | $6,032 | N/A | $6,032 |
Amount Deferred | $0 | $0 | $3,901 | $1,810 | N/A | $5,618 |
Overseas Core Fund | $1,319 | $1,309 | $1,345 | $1,310 | N/A | $1,310 |
Amount Deferred | $0 | $0 | $834 | $393 | N/A | $1,212 |
Overseas Value Fund | $3,298 | $3,274 | $3,354 | $3,275 | N/A | $3,275 |
Amount Deferred | $0 | $0 | $2,079 | $982 | N/A | $3,025 |
Select Large Cap Equity Fund | $1,908 | $1,894 | $1,943 | $1,895 | N/A | $1,895 |
Amount Deferred | $0 | $0 | $1,205 | $568 | N/A | $1,752 |
Select Mid Cap Value Fund | $2,967 | $2,946 | $3,039 | $2,946 | N/A | $2,946 |
Amount Deferred | $0 | $0 | $1,884 | $884 | N/A | $2,730 |
Small Cap Index Fund | $6,103 | $6,062 | $6,300 | $6,059 | N/A | $6,059 |
Amount Deferred | $0 | $0 | $3,906 | $1,818 | N/A | $5,634 |
Small Cap Value Fund II | $2,655 | $2,637 | $2,733 | $2,636 | N/A | $2,636 |
Amount Deferred | $0 | $0 | $1,695 | $791 | N/A | $2,449 |
For Funds with fiscal period ending March 31 | ||||||
Short Term Bond Fund | $2,504 | $2,469 | $2,293 | $2,467 | N/A | $2,467 |
Amount Deferred | $0 | $0 | $1,422 | $740 | N/A | $2,198 |
For Funds with fiscal period ending April 30 |
Statement of Additional Information – January 1, 2021 | 149 |
Fund |
Aggregate Compensation from Fund
Independent Trustees |
|||||
Batejan | Blatz | Boudreau(a) | Carlton | Carmichael(b) | Flynn | |
CA Intermediate Municipal Bond Fund | $1,564 | $1,542 | $1,261 | $1,564 | N/A | $1,564 |
Amount Deferred | $0 | $0 | $782 | $469 | N/A | $1,305 |
GA Intermediate Municipal Bond Fund | $1,059 | $1,044 | $862 | $1,059 | N/A | $1,059 |
Amount Deferred | $0 | $0 | $535 | $318 | N/A | $887 |
MD Intermediate Municipal Bond Fund | $1,069 | $1,054 | $870 | $1,069 | N/A | $1,069 |
Amount Deferred | $0 | $0 | $540 | $321 | N/A | $896 |
NC Intermediate Municipal Bond Fund | $1,240 | $1,223 | $1,004 | $1,240 | N/A | $1,240 |
Amount Deferred | $0 | $0 | $623 | $372 | N/A | $1,036 |
SC Intermediate Municipal Bond Fund | $1,146 | $1,130 | $930 | $1,146 | N/A | $1,146 |
Amount Deferred | $0 | $0 | $577 | $344 | N/A | $959 |
Short Term Municipal Bond Fund | $2,074 | $2,044 | $1,708 | $2,074 | N/A | $2,074 |
Amount Deferred | $0 | $0 | $1,059 | $622 | N/A | $1,745 |
VA Intermediate Municipal Bond Fund | $1,187 | $1,170 | $964 | $1,187 | N/A | $1,187 |
Amount Deferred | $0 | $0 | $598 | $356 | N/A | $993 |
For Funds with fiscal period ending May 31 | ||||||
Commodity Strategy Fund | $1,448 | $1,427 | $1,061 | $1,448 | N/A | $1,448 |
Amount Deferred | $0 | $0 | $658 | $434 | N/A | $1,189 |
Dividend Opportunity Fund | $4,405 | $4,341 | $3,228 | $4,405 | N/A | $4,405 |
Amount Deferred | $0 | $0 | $2,001 | $1,321 | N/A | $3,611 |
Flexible Capital Income Fund | $2,255 | $2,224 | $1,585 | $2,255 | N/A | $2,255 |
Amount Deferred | $0 | $0 | $983 | $676 | N/A | $1,817 |
High Yield Bond Fund | $2,884 | $2,843 | $2,092 | $2,884 | N/A | $2,884 |
Amount Deferred | $0 | $0 | $1,297 | $865 | N/A | $2,355 |
Large Cap Value Fund | $3,466 | $3,416 | $2,507 | $3,466 | N/A | $3,466 |
Amount Deferred | $0 | $0 | $1,554 | $1,040 | N/A | $2,826 |
MM Value Strategies Fund | $4,963 | $4,894 | $3,511 | $4,963 | N/A | $4,963 |
Amount Deferred | $0 | $0 | $2,177 | $1,489 | N/A | $4,009 |
Mortgage Opportunities Fund | $3,164 | $3,124 | $2,170 | $3,164 | N/A | $3,164 |
Amount Deferred | $0 | $0 | $1,345 | $949 | N/A | $2,521 |
Quality Income Fund | $3,519 | $3,470 | $2,490 | $3,519 | N/A | $3,519 |
Amount Deferred | $0 | $0 | $1,544 | $1,056 | N/A | $2,845 |
Select Large Cap Value Fund | $2,399 | $2,365 | $1,738 | $2,399 | N/A | $2,399 |
Amount Deferred | $0 | $0 | $1,077 | $720 | N/A | $1,958 |
Select Small Cap Value Fund | $1,605 | $1,581 | $1,169 | $1,605 | N/A | $1,605 |
Amount Deferred | $0 | $0 | $725 | $481 | N/A | $1,313 |
Seligman Communications and Information Fund | $9,098 | $8,978 | $6,364 | $9,098 | N/A | $9,098 |
Amount Deferred | $0 | $0 | $3,946 | $2,729 | N/A | $7,307 |
For Funds with fiscal period ending July 31 | ||||||
Disciplined Core Fund | $6,470 | $6,470 | $3,386 | $6,470 | N/A | $6,470 |
Amount Deferred | $0 | $0 | $2,100 | $1,941 | N/A | $4,483 |
Disciplined Growth Fund | $1,586 | $1,586 | $811 | $1,586 | N/A | $1,586 |
Amount Deferred | $0 | $0 | $503 | $476 | N/A | $1,092 |
Disciplined Value Fund | $1,823 | $1,823 | $967 | $1,823 | N/A | $1,823 |
Amount Deferred | $0 | $0 | $600 | $547 | N/A | $1,268 |
Floating Rate Fund | $2,053 | $2,053 | $1,145 | $2,053 | N/A | $2,053 |
Amount Deferred | $0 | $0 | $710 | $616 | N/A | $1,447 |
Global Opportunities Fund | $1,668 | $1,668 | $867 | $1,668 | N/A | $1,668 |
Amount Deferred | $0 | $0 | $538 | $500 | N/A | $1,154 |
Government Money Market Fund | $1,709 | $1,709 | $859 | $1,709 | N/A | $1,709 |
Amount Deferred | $0 | $0 | $533 | $513 | N/A | $1,171 |
Income Opportunities Fund | $2,696 | $2,696 | $1,328 | $2,696 | N/A | $2,696 |
Statement of Additional Information – January 1, 2021 | 150 |
Fund |
Aggregate Compensation from Fund
Independent Trustees |
|||||
Batejan | Blatz | Boudreau(a) | Carlton | Carmichael(b) | Flynn | |
Amount Deferred | $0 | $0 | $823 | $809 | N/A | $1,838 |
Limited Duration Credit Fund | $1,899 | $1,899 | $944 | $1,899 | N/A | $1,899 |
Amount Deferred | $0 | $0 | $585 | $570 | N/A | $1,299 |
MN Tax-Exempt Fund | $1,883 | $1,883 | $946 | $1,883 | N/A | $1,883 |
Amount Deferred | $0 | $0 | $587 | $565 | N/A | $1,291 |
Strategic Municipal Income Fund | $3,791 | $3,791 | $1,836 | $3,791 | N/A | $3,791 |
Amount Deferred | $0 | $0 | $1,139 | $1,137 | N/A | $2,576 |
For Funds with fiscal period ending August 31 | ||||||
Emerging Markets Bond Fund | $1,555 | $1,555 | $617 | $1,555 | N/A | $1,555 |
Amount Deferred | $0 | $0 | $382 | $466 | N/A | $1,022 |
For Funds with fiscal period ending October 31 | ||||||
Select Global Equity Fund | $1,532 | $1,541 | $1,895 | $1,542 | $258 | $1,531 |
Amount Deferred | $0 | $0 | $1,184 | $437 | $0 | $1,284 |
Seligman Global Technology Fund | $2,347 | $2,363 | $2,911 | $2,363 | $407 | $2,347 |
Amount Deferred | $0 | $0 | $1,819 | $668 | $0 | $1,957 |
(a) | Mr. Boudreau served as Trustee until December 31, 2019, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(b) | Mr. Carmichael served as Trustee until December 31, 2018, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
Fund |
Aggregate Compensation from Fund
Independent Trustees |
||||
Gallagher | Paglia | Santomero | Shaw | Yeager | |
For Funds with fiscal period ending January 31 | |||||
Capital Allocation Aggressive Portfolio | $1,664 | $1,907 | $1,637 | $1,650 | $1,664 |
Amount Deferred | $832 | $1,907 | $0 | $825 | $832 |
Capital Allocation Conservative Portfolio | $1,123 | $1,285 | $1,104 | $1,113 | $1,122 |
Amount Deferred | $561 | $1,285 | $0 | $557 | $561 |
Capital Allocation Moderate Aggressive Portfolio | $3,109 | $3,560 | $3,059 | $3,084 | $3,109 |
Amount Deferred | $1,555 | $3,560 | $0 | $1,542 | $1,554 |
Capital Allocation Moderate Conservative Portfolio | $1,454 | $1,665 | $1,430 | $1,442 | $1,454 |
Amount Deferred | $727 | $1,665 | $0 | $721 | $727 |
Capital Allocation Moderate Portfolio | $2,521 | $2,886 | $2,480 | $2,500 | $2,520 |
Amount Deferred | $1,260 | $2,886 | $0 | $1,250 | $1,260 |
Income Builder Fund | $2,328 | $2,669 | $2,291 | $2,309 | $2,327 |
Amount Deferred | $1,164 | $2,669 | $0 | $1,154 | $1,163 |
For Funds with fiscal period ending February 28/29 | |||||
Convertible Securities Fund | $2,377 | $2,731 | $2,340 | $2,277 | $2,374 |
Amount Deferred | $1,189 | $2,731 | $0 | $1,138 | $1,187 |
Global Equity Value Fund | $1,780 | $2,040 | $1,752 | $1,712 | $1,779 |
Amount Deferred | $890 | $2,040 | $0 | $856 | $890 |
Large Cap Enhanced Core Fund | $1,532 | $1,753 | $1,507 | $1,475 | $1,531 |
Amount Deferred | $766 | $1,753 | $0 | $738 | $766 |
Large Cap Growth Opportunity Fund | $2,691 | $3,086 | $2,649 | $2,587 | $2,691 |
Amount Deferred | $1,345 | $3,086 | $0 | $1,293 | $1,345 |
Large Cap Index Fund | $4,817 | $5,524 | $4,742 | $4,630 | $4,815 |
Amount Deferred | $2,409 | $5,524 | $0 | $2,315 | $2,408 |
Mid Cap Index Fund | $5,552 | $6,351 | $5,465 | $5,353 | $5,554 |
Amount Deferred | $2,776 | $6,351 | $0 | $2,676 | $2,777 |
Overseas Core Fund | $1,207 | $1,384 | $1,188 | $1,160 | $1,206 |
Amount Deferred | $603 | $1,384 | $0 | $580 | $603 |
Overseas Value Fund | $3,021 | $3,467 | $2,975 | $2,903 | $3,020 |
Statement of Additional Information – January 1, 2021 | 151 |
Fund |
Aggregate Compensation from Fund
Independent Trustees |
||||
Gallagher | Paglia | Santomero | Shaw | Yeager | |
Amount Deferred | $1,510 | $3,467 | $0 | $1,452 | $1,510 |
Select Large Cap Equity Fund | $1,746 | $2,002 | $1,719 | $1,677 | $1,745 |
Amount Deferred | $873 | $2,002 | $0 | $839 | $872 |
Select Mid Cap Value Fund | $2,714 | $3,111 | $2,672 | $2,612 | $2,714 |
Amount Deferred | $1,357 | $3,111 | $0 | $1,306 | $1,357 |
Small Cap Index Fund | $5,582 | $6,391 | $5,496 | $5,381 | $5,585 |
Amount Deferred | $2,791 | $6,391 | $0 | $2,690 | $2,793 |
Small Cap Value Fund II | $2,428 | $2,782 | $2,390 | $2,339 | $2,428 |
Amount Deferred | $1,214 | $2,782 | $0 | $1,170 | $1,214 |
For Funds with fiscal period ending March 31 | |||||
Short Term Bond Fund | $2,290 | $2,652 | $2,254 | $2,188 | $2,292 |
Amount Deferred | $1,145 | $2,652 | $0 | $1,094 | $1,146 |
For Funds with fiscal period ending April 30 | |||||
CA Intermediate Municipal Bond Fund | $1,455 | $1,675 | $1,433 | $1,389 | $1,433 |
Amount Deferred | $727 | $1,675 | $0 | $695 | $717 |
GA Intermediate Municipal Bond Fund | $984 | $1,134 | $969 | $940 | $969 |
Amount Deferred | $492 | $1,134 | $0 | $470 | $485 |
MD Intermediate Municipal Bond Fund | $994 | $1,144 | $978 | $949 | $978 |
Amount Deferred | $497 | $1,144 | $0 | $474 | $489 |
NC Intermediate Municipal Bond Fund | $1,153 | $1,327 | $1,136 | $1,101 | $1,136 |
Amount Deferred | $577 | $1,327 | $0 | $550 | $568 |
SC Intermediate Municipal Bond Fund | $1,065 | $1,226 | $1,049 | $1,017 | $1,049 |
Amount Deferred | $532 | $1,226 | $0 | $508 | $524 |
Short Term Municipal Bond Fund | $1,924 | $2,214 | $1,894 | $1,838 | $1,894 |
Amount Deferred | $962 | $2,214 | $0 | $919 | $947 |
VA Intermediate Municipal Bond Fund | $1,103 | $1,270 | $1,086 | $1,053 | $1,086 |
Amount Deferred | $551 | $1,270 | $0 | $526 | $543 |
For Funds with fiscal period ending May 31 | |||||
Commodity Strategy Fund | $1,344 | $1,608 | $1,323 | $1,280 | $1,323 |
Amount Deferred | $672 | $1,608 | $0 | $640 | $662 |
Dividend Opportunity Fund | $4,084 | $4,905 | $4,020 | $3,897 | $4,020 |
Amount Deferred | $2,042 | $4,905 | $0 | $1,949 | $2,010 |
Flexible Capital Income Fund | $2,101 | $2,532 | $2,070 | $2,005 | $2,070 |
Amount Deferred | $1,050 | $2,532 | $0 | $1,002 | $1,035 |
High Yield Bond Fund | $2,677 | $3,220 | $2,636 | $2,557 | $2,636 |
Amount Deferred | $1,338 | $3,220 | $0 | $1,278 | $1,318 |
Large Cap Value Fund | $3,218 | $3,870 | $3,169 | $3,070 | $3,169 |
Amount Deferred | $1,609 | $3,870 | $0 | $1,535 | $1,585 |
MM Value Strategies Fund | $4,620 | $5,583 | $4,552 | $4,412 | $4,552 |
Amount Deferred | $2,310 | $5,583 | $0 | $2,206 | $2,276 |
Mortgage Opportunities Fund | $2,962 | $3,563 | $2,922 | $2,829 | $2,922 |
Amount Deferred | $1,481 | $3,563 | $0 | $1,415 | $1,461 |
Quality Income Fund | $3,275 | $3,943 | $3,226 | $3,129 | $3,226 |
Amount Deferred | $1,637 | $3,943 | $0 | $1,565 | $1,613 |
Select Large Cap Value Fund | $2,227 | $2,678 | $2,192 | $2,124 | $2,192 |
Amount Deferred | $1,113 | $2,678 | $0 | $1,062 | $1,096 |
Select Small Cap Value Fund | $1,487 | $1,787 | $1,464 | $1,419 | $1,464 |
Amount Deferred | $744 | $1,787 | $0 | $710 | $732 |
Seligman Communications and Information Fund | $8,500 | $10,242 | $8,381 | $8,104 | $8,381 |
Amount Deferred | $4,250 | $10,242 | $0 | $4,052 | $4,190 |
For Funds with fiscal period ending July 31 |
Statement of Additional Information – January 1, 2021 | 152 |
Statement of Additional Information – January 1, 2021 | 153 |
Statement of Additional Information – January 1, 2021 | 154 |
Statement of Additional Information – January 1, 2021 | 155 |
Statement of Additional Information – January 1, 2021 | 156 |
Total Brokerage Commissions | |||
Fund | 2020 | 2019 | 2018 |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $61,664 | $50,495 | $52,011 |
Capital Allocation Conservative Portfolio | 15,310 | 11,138 | 13,296 |
Capital Allocation Moderate Aggressive Portfolio | 165,374 | 133,431 | 134,582 |
Capital Allocation Moderate Conservative Portfolio | 33,551 | 25,566 | 28,241 |
Capital Allocation Moderate Portfolio | 114,518 | 91,348 | 98,484 |
Income Builder Fund | 0 | 0 | 0 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 12,162 | 24,062 | 26,201 |
Global Equity Value Fund | 336,171 | 340,537 | 476,271 |
Large Cap Enhanced Core Fund | 285,048 | 281,787 | 235,270 |
Statement of Additional Information – January 1, 2021 | 157 |
Total Brokerage Commissions | |||
Fund | 2020 | 2019 | 2018 |
Large Cap Growth Opportunity Fund | $313,545 | $248,217 | $440,798 |
Large Cap Index Fund | 90,203 | 123,803 | 94,678 |
Mid Cap Index Fund | 171,187 | 142,237 | 157,834 |
Overseas Core Fund | 262,521 | 243,820(a) | N/A |
Overseas Value Fund | 1,664,664 | 1,969,871 | 1,226,674 |
Select Large Cap Equity Fund | 271,833 | 300,372 | 358,470 |
Select Mid Cap Value Fund | 495,282 | 1,566,232 | 2,017,947 |
Small Cap Index Fund | 255,499 | 274,140 | 77,566 |
Small Cap Value Fund II | 830,549 | 1,064,776 | 1,822,605 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 33,085 | 18,221 | 7,442 |
For Funds with fiscal period ending April 30 | |||
CA Intermediate Municipal Bond Fund | 0 | 0 | 0 |
GA Intermediate Municipal Bond Fund | 0 | 0 | 0 |
MD Intermediate Municipal Bond Fund | 0 | 0 | 0 |
NC Intermediate Municipal Bond Fund | 0 | 0 | 0 |
SC Intermediate Municipal Bond Fund | 0 | 0 | 0 |
Short Term Municipal Bond Fund | 0 | 0 | 760 |
VA Intermediate Municipal Bond Fund | 0 | 0 | 0 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 228,378 | 0 | 0 |
Dividend Opportunity Fund | 1,012,666 | 2,211,986 | 2,948,160 |
Flexible Capital Income Fund | 294,806 | 192,059 | 151,250 |
High Yield Bond Fund | 0 | 9,322 | 14,553 |
Large Cap Value Fund | 360,772 | 654,124 | 569,649 |
MM Value Strategies Fund | 645,577 | 417,563 | 516,248 |
Mortgage Opportunities Fund | 2,022,350 | 514,665 | 122,445 |
Quality Income Fund | 286,615 | 150,258 | 162,474 |
Select Large Cap Value Fund | 288,668 | 248,586 | 173,234 |
Select Small Cap Value Fund | 238,106 | 228,614 | 398,562 |
Seligman Communications and Information Fund | 3,425,563 | 2,507,342 | 2,632,123 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 2,027,287 | 1,987,537 | 2,218,729 |
Disciplined Growth Fund | 208,454 | 216,666 | 295,635 |
Disciplined Value Fund | 491,007 | 557,464 | 585,279 |
Floating Rate Fund | 722 | 3,605 | 5,978 |
Global Opportunities Fund | 280,584 | 309,523 | 309,247 |
Government Money Market Fund | 0 | 0 | 0 |
Income Opportunities Fund | 0 | 9,693 | 19,280 |
Limited Duration Credit Fund | 41,770 | 47,008 | 44,944 |
MN Tax-Exempt Fund | 636 | 1,160 | 1,480 |
Strategic Municipal Income Fund | 82,396 | 56,886 | 19,355 |
For Funds with fiscal period ending August 31 |
Statement of Additional Information – January 1, 2021 | 158 |
Total Brokerage Commissions | |||
Fund | 2020 | 2019 | 2018 |
Emerging Markets Bond Fund | $1,897 | $2,877 | $1,392 |
Fund | 2019 | 2018 | 2017 |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund | 145,228 | 368,347 | 434,078 |
Seligman Global Technology Fund | 668,370 | 467,621 | 989,119 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
For Funds with fiscal period ending January 31 | ||
Capital Allocation Aggressive Portfolio | $10,926,494(a) | $6,013(a) |
Capital Allocation Conservative Portfolio | 2,560,043(a) | 1,420(a) |
Capital Allocation Moderate Aggressive Portfolio | 23,586,072(a) | 13,056(a) |
Capital Allocation Moderate Conservative Portfolio | 4,252,284(a) | 2,358(a) |
Capital Allocation Moderate Portfolio | 21,570,412(a) | 11,919(a) |
Income Builder Fund | 0(a) | 0(a) |
For Funds with fiscal period ending February 28/29 | ||
Convertible Securities Fund | 38,408,590 | 4,158 |
Global Equity Value Fund | 362,792,201 | 73,797 |
Large Cap Enhanced Core Fund | 457,077,764 | 65,332 |
Large Cap Growth Opportunity Fund | 1,183,282,869 | 126,080 |
Large Cap Index Fund | 0 | 0 |
Mid Cap Index Fund | 0 | 0 |
Statement of Additional Information – January 1, 2021 | 159 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
Overseas Core Fund | $120,998,090 | $82,725 |
Overseas Value Fund | 750,575,879 | 502,513 |
Select Large Cap Equity Fund | 385,212,752 | 59,921 |
Select Mid Cap Value Fund | 739,827,630 | 158,549 |
Small Cap Index Fund | 0 | 0 |
Small Cap Value Fund II | 466,157,862 | 235,283 |
For Funds with fiscal period ending March 31 | ||
Short Term Bond Fund | 0 | 0 |
For Funds with fiscal period ending April 30 | ||
CA Intermediate Municipal Bond Fund | 0 | 0 |
GA Intermediate Municipal Bond Fund | 0 | 0 |
MD Intermediate Municipal Bond Fund | 0 | 0 |
NC Intermediate Municipal Bond Fund | 0 | 0 |
SC Intermediate Municipal Bond Fund | 0 | 0 |
Short Term Municipal Bond Fund | 0 | 0 |
VA Intermediate Municipal Bond Fund | 0 | 0 |
For Funds with fiscal period ending May 31 | ||
Commodity Strategy Fund | 0 | 0 |
Dividend Opportunity Fund | 1,595,274,365 | 298,761 |
Flexible Capital Income Fund | 354,848,970 | 80,376 |
High Yield Bond Fund | 0 | 0 |
Large Cap Value Fund | 684,848,087 | 149,338 |
MM Value Strategies Fund | 517,810,184 | 82,764 |
Mortgage Opportunities Fund | 0 | 0 |
Quality Income Fund | 0 | 0 |
Select Large Cap Value Fund | 216,055,224 | 79,036 |
Select Small Cap Value Fund | 148,125,653 | 71,624 |
Seligman Communications and Information Fund | 2,454,183,517 | 785,409 |
For Funds with fiscal period ending July 31 | ||
Disciplined Core Fund | 3,298,324,147 | 543,391 |
Disciplined Growth Fund | 476,567,049 | 67,997 |
Disciplined Value Fund | 667,743,126 | 153,750 |
Floating Rate Fund | 667,556 | 300 |
Global Opportunities Fund | 195,748,290 | 73,099 |
Government Money Market Fund | 0 | 0 |
Income Opportunities Fund | 0 | 0 |
Limited Duration Credit Fund | 0 | 0 |
MN Tax-Exempt Fund | 0 | 0 |
Strategic Municipal Income Fund | 0 | 0 |
For Funds with fiscal period ending August 31 | ||
Emerging Markets Bond Fund | 0 | 0 |
For Funds with fiscal period ending October 31 |
Statement of Additional Information – January 1, 2021 | 160 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
Select Global Equity Fund | $0 | $0 |
Seligman Global Technology Fund | 497,440,057 | 149,862 |
(a) | The underlying funds may have directed transactions to firms in exchange for research services. |
Statement of Additional Information – January 1, 2021 | 161 |
Fund | Issuer |
Value of securities owned
at end of fiscal period |
Small Cap Index Fund | Piper Jaffray Companies | $5,543,889 |
Small Cap Value Fund II | None | N/A |
For Funds with fiscal period ending March 31, 2020 | ||
Short Term Bond Fund | Citigroup, Inc. | $6,031,924 |
JPMorgan Chase & Co. | $6,104,204 | |
Morgan Stanley | $4,525,709 | |
Morgan Stanley Capital I Trust | $3,062,383 | |
PNC Bank NA | $3,008,531 | |
The Goldman Sachs Group, Inc. | $6,356,849 | |
For Funds with fiscal period ending April 30, 2020 | ||
CA Intermediate Municipal Bond Fund | None | N/A |
GA Intermediate Municipal Bond Fund | None | N/A |
MD Intermediate Municipal Bond Fund | None | N/A |
NC Intermediate Municipal Bond Fund | None | N/A |
SC Intermediate Municipal Bond Fund | None | N/A |
Short Term Municipal Bond Fund | None | N/A |
VA Intermediate Municipal Bond Fund | None | N/A |
For Funds with fiscal period ending May 31, 2020 | ||
Commodity Strategy Fund | None | N/A |
Dividend Opportunity Fund | JPMorgan Chase & Co. | $99,742,750 |
Morgan Stanley | $23,868,000 | |
PNC Financial Services Group, Inc. (The) | $23,948,400 | |
Flexible Capital Income Fund | Citigroup Capital XIII | $4,455,000 |
Citigroup, Inc. | $6,707,400 | |
JPMorgan Chase & Co. | $9,001,175 | |
Morgan Stanley | $9,724,000 | |
PNC Financial Services Group, Inc. (The) | $7,412,600 | |
High Yield Bond Fund | None | N/A |
Large Cap Value Fund | Citigroup, Inc. | $33,786,132 |
JPMorgan Chase & Co. | $61,294,888 | |
Morgan Stanley | $31,222,880 | |
PNC Financial Services Group, Inc.(The) | $29,160,028 | |
MM Value Strategies Fund | Citigroup, Inc. | $53,165,823 |
E*TRADE Financial Corp. | $59,202 | |
Franklin Resources, Inc. | $1,891,114 | |
Goldman Sachs Group, Inc. (The) | $9,250,160 | |
JPMorgan Chase & Co. | $77,136,080 | |
Morgan Stanley | $27,374,519 | |
PNC Financial Services Group, Inc.(The) | $19,699,156 | |
Raymond James Financial, Inc. | $1,620,251 | |
The Charles Schwab Corp. | $28,893,976 | |
Mortgage Opportunities Fund | Citigroup Mortgage Loan Trust, Inc. | $4,880,274 |
Credit Suisse ABS Trust | $2,925,647 | |
Credit Suisse Mortgage Capital Certificates | $37,056,361 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $12,424,228 | |
Morgan Stanley Capital I Trust | $7,326,129 | |
Morgan Stanley Resecuritization Trust | $13,940,758 |
Statement of Additional Information – January 1, 2021 | 162 |
Fund | Issuer |
Value of securities owned
at end of fiscal period |
Quality Income Fund | Citigroup Mortgage Loan Trust, Inc. | $7,927,214 |
Credit Suisse Mortgage Capital Certificates | $20,241,539 | |
JPMorgan Commercial Mortgage Securities Trust | $4,446,354 | |
Morgan Stanley Capital I Trust | $4,731,609 | |
Morgan Stanley Resecuritization Trust | $1,590,758 | |
Select Large Cap Value Fund | Citigroup, Inc. | $29,522,142 |
JPMorgan Chase & Co. | $26,760,250 | |
Morgan Stanley | $21,591,700 | |
Select Small Cap Value Fund | None | N/A |
Seligman Communications and Information Fund | None | N/A |
For Funds with fiscal period ending July 31, 2020 | ||
Disciplined Core Fund | Citigroup, Inc. | $85,372,071 |
Disciplined Growth Fund | None | N/A |
Disciplined Value Fund | Citigroup, Inc. | $12,772,554 |
Floating Rate Fund | Jefferies Finance LLC | $692,142 |
Global Opportunities Fund | None | N/A |
Government Money Market Fund | None | N/A |
Income Opportunities Fund | None | N/A |
Limited Duration Credit Fund | Citigroup, Inc. | $3,947,056 |
The Goldman Sachs Group, Inc. | $7,764,125 | |
JPMorgan Chase & Co. | $11,702,228 | |
Morgan Stanley | $5,902,421 | |
MN Tax-Exempt Fund | None | N/A |
Strategic Municipal Income Fund | None | N/A |
For Funds with fiscal period ending August 31, 2020 | ||
Emerging Markets Bond Fund | None | N/A |
For Funds with fiscal period ending October 31, 2019 | ||
Select Global Equity Fund | None | N/A |
Seligman Global Technology Fund | None | N/A |
Statement of Additional Information – January 1, 2021 | 163 |
Statement of Additional Information – January 1, 2021 | 164 |
■ | For equity, alternative and flexible funds (other than the equity funds identified below) and funds-of-funds (equity and fixed income), a complete list of Fund portfolio holdings as of month-end is posted approximately, but no earlier than, 15 calendar days after such month-end. |
■ | For Columbia Small Cap Growth Fund I and Columbia Variable Portfolio – Small Company Growth Fund, a complete list of Fund portfolio holdings as of month-end is posted approximately, but no earlier than, 30 calendar days after such month-end. |
■ | For fixed-income Funds (other than money market funds), a complete list of Fund portfolio holdings as of calendar quarter-end is posted approximately, but no earlier than, 30 calendar days after such quarter-end. |
■ | For money market Funds, a complete list of Fund portfolio holdings as of month-end is posted no later than five business days after such month-end. Such month-end holdings are continuously available on the website for at least six months, together with a link to an SEC webpage where a user of the website may obtain access to the Fund’s most recent 12 months of publicly available filings on Form N-MFP. Money market Fund portfolio holdings information posted on the website, at minimum, includes with respect to each holding, the name of the issuer, the category of investment (e.g., Treasury debt, government agency debt, asset backed commercial paper, structured investment vehicle note), the CUSIP number (if any), the principal amount, the maturity date (as determined under Rule 2a-7 for purposes of calculating weighted average maturity), the final maturity date (if different from the maturity date previously described), coupon or yield and the value. The money market Funds will also disclose on the website its overall weighted average maturity, weighted average life maturity, percentage of daily liquid assets, percentage of weekly liquid assets and daily inflows and outflows. |
Statement of Additional Information – January 1, 2021 | 165 |
Statement of Additional Information – January 1, 2021 | 166 |
Statement of Additional Information – January 1, 2021 | 167 |
Identity of Recipient | Conditions/restrictions on use of information |
Frequency of
Disclosure |
||
DS Graphics, Inc. | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Elevation Exhibits & Events | Used for trade show exhibits. | As Needed | ||
Equifax, Inc. | Used to ensure that Columbia Management does not violate the Office of Foreign Assets Control (OFAC) sanction requirements. | Daily | ||
Ernst & Young, LLP | Used to analyze PFIC investments. | Monthly | ||
Eze Software Group, LLC | Used to facilitate the evaluation of commission rates and to provide flexible commission reporting. | Daily | ||
FactSet Research Systems, Inc. | Used to calculate portfolio performance attribution, portfolio analytics, data for fundamental research, and general market news and analysis. | Daily | ||
Fidelity National Information Services, Inc. | Used as a portfolio accounting system. | Daily | ||
Goldman Sachs Asset Management, L.P., as agent to KPMG LLP | Holdings by Columbia Contrarian Core Fund and Columbia High Yield Bond Fund in certain audit clients of KPMG LLP to assist the accounting firm in complying with its regulatory obligations relating to independence of its audit clients. | Monthly | ||
Harte-Hanks, Inc. | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
IHS Markit, Ltd. | Used for an asset database for analytics and investor reporting. | As Needed | ||
Imagine! Print Solutions | Used for commercial printing. | As Needed | ||
Institutional Shareholder Services Inc. (ISS) | Used for proxy voting administration and research on proxy matters. | Daily | ||
Intex Solutions Inc. | Used to provide mortgage analytics. | As Needed | ||
Investment Company Institute (ICI) | Disclosure of Form N-PORT data. | As Needed | ||
Investortools, Inc. | Used for municipal bond analytics, research and decision support. | As Needed | ||
JDP Marketing Services | Used to write or edit Columbia Fund shareholder reports, quarterly fund commentaries, and communications, including shareholder letters and management’s discussion of Columbia Fund performance. | As Needed | ||
John Roberts, Inc. | Used for commercial printing. | As Needed | ||
Kendall Press | Used for commercial printing. | As Needed | ||
KPMG US LLP | Used to provide tax services. | Daily | ||
Kynex, Inc. | Used to provide portfolio attribution reports for the Columbia Convertible Securities Fund. Used also for portfolio analytics. | Daily | ||
Merrill Corporation | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Morningstar Investment Services, LLC | Used for independent research and ranking of funds. Used also for statistical analysis. | As Needed |
Statement of Additional Information – January 1, 2021 | 168 |
Identity of Recipient | Conditions/restrictions on use of information |
Frequency of
Disclosure |
||
NASDAQ | Used to evaluate and assess trading activity, execution and practices. | Daily | ||
R. R. Donnelley & Sons Co. | Used to provide printing of prospectuses, factsheets, annual and semi-annual reports. Used for commercial printing. | As Needed | ||
RegEd, Inc. | Used to review external and certain internal communications prior to dissemination. | Daily | ||
Sustainalytics US, Inc. | Sustainalytics uses Columbia U.S. Social Bond Fund’s holdings to assess the social impact of the Fund’s investments and to evaluate their ESG ratings. | Quarterly | ||
S.W.I.F.T. Scrl. | Used to send trade messages via SWIFT to custodians. | Daily | ||
Thomson Reuters Corp. | Used for statistical analysis. | As Needed | ||
Virtu Financial, Inc. | Used to evaluate and assess trading activity, execution and practices. | Quarterly | ||
Visions, Inc. | Used for commercial printing. | As Needed | ||
Wilshire Associates, Inc. | Used to provide performance attribution reporting. | Daily |
Statement of Additional Information – January 1, 2021 | 169 |
■ | ADP Broker-Dealer, Inc. |
■ | American Enterprise Investment Services Inc.* |
■ | American United Life Insurance Co. |
■ | Ameriprise Financial Services, LLC* |
■ | Ascensus, Inc. |
■ | Avantax Investment Services, Inc. |
■ | AXA Advisors |
■ | AXA Equitable Life Insurance |
■ | Bank of America, N.A. |
■ | BB&T Securities LLC |
■ | Benefit Plan Administrators |
■ | Benefit Trust |
■ | BMO Harris Bank (f/k/a Marshall & Illsley Trust Company) |
■ | BNY Mellon, N.A. |
■ | Charles Schwab & Co., Inc. |
■ | Charles Schwab Trust Co. |
■ | City National Bank |
■ | Conduent HR Services LLC |
■ | Davenport & Company |
■ | Daily Access Concepts, Inc. |
■ | Digital Retirement Solutions |
■ | Edward D. Jones & Co., LP |
■ | ExpertPlan |
■ | Fidelity Brokerage Services, Inc. |
■ | Fidelity Investments Institutional Operations Co. |
■ | First Mercantile Trust Co. |
■ | Genworth Life and Annuity Insurance Company |
■ | Genworth Life Insurance Co. of New York |
■ | Goldman Sachs & Co. |
■ | GWFS Equities, Inc. |
■ | Hartford Life Insurance Company |
■ | Hewitt Associates LLC |
■ | ICMA Retirement Corporation |
■ | Janney Montgomery Scott, Inc. |
■ | JJB Hilliard Lyons |
■ | John Hancock Life Insurance Company (USA) |
■ | John Hancock Life Insurance Company of New York |
■ | John Hancock Trust Company |
■ | JP Morgan Securities LLC |
■ | Lincoln Life & Annuity Company of New York |
■ | Lincoln National Life Insurance Company |
Statement of Additional Information – January 1, 2021 | 170 |
■ | Lincoln Retirement Services |
■ | LPL Financial Corporation |
■ | Massachusetts Mutual Life Insurance Company |
■ | Mercer HR Services, LLC |
■ | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
■ | Mid Atlantic Capital Corporation |
■ | Minnesota Life Insurance Co. |
■ | Morgan Stanley Smith Barney |
■ | MSCS Financial Services Division of Broadridge Business Process Outsourcing LLC |
■ | National Financial Services |
■ | Nationwide Investment Services |
■ | Newport Retirement Services, Inc. |
■ | New York State Deferred Compensation Plan |
■ | Oppenheimer & Co., Inc. |
■ | Plan Administrators, Inc. |
■ | PNC Bank |
■ | Principal Life Insurance Company of America |
■ | Prudential Insurance Company of America |
■ | Prudential Retirement Insurance & Annuity Company |
■ | Pershing LLC |
■ | Raymond James & Associates |
■ | RBC Capital Markets |
■ | Reliance Trust |
■ | Robert W. Baird & Co., Inc. |
■ | Sammons Retirement Solutions |
■ | SEI Private Trust Company |
■ | Standard Insurance Company |
■ | Stifel Nicolaus & Co. |
■ | TD Ameritrade Clearing, Inc./TD Ameritrade Inc. |
■ | TD Ameritrade Trust Company |
■ | The Retirement Plan Company |
■ | Teachers Insurance and Annuity Association of America |
■ | Transamerica Advisors Life Insurance Company |
■ | Transamerica Advisors Life Insurance Company of New York |
■ | Transamerica Financial Life Insurance Company |
■ | T. Rowe Price Group, Inc. |
■ | UBS Financial Services, Inc. |
■ | Unified Trust Company, N.A. |
■ | US Bank NA |
■ | Vanguard Group, Inc. |
■ | Vanguard Marketing Corp |
■ | VALIC Retirement Services Company |
■ | Voya Retirement Insurance and Annuity Company |
■ | Voya Institutional Plan Services, LLP |
■ | Voya Investments Distributors, LLC |
■ | Voya Financial Partners, LLC |
■ | Wells Fargo Clearing Services, LLC |
■ | Wells Fargo Advisors |
■ | Wells Fargo Bank, N.A. |
* | Ameriprise Financial affiliate |
Statement of Additional Information – January 1, 2021 | 171 |
■ | Advisor Group |
■ | Ameriprise Financial Services, LLC* |
■ | Bank of America, N.A. |
■ | Cetera Financial Group, Inc. |
■ | Citigroup Global Markets Inc./Citibank |
■ | Commonwealth Financial Network |
■ | Lincoln Financial Advisors Corp. |
■ | LPL Financial Corporation |
■ | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
■ | Morgan Stanley Smith Barney |
■ | Northwestern Mutual Investment Services, LLC |
■ | PNC Investments |
■ | Raymond James & Associates, Inc. |
■ | Raymond James Financial Services, Inc. |
■ | UBS Financial Services Inc. |
■ | Unified Trust Company, N.A. |
■ | US Bancorp Investments, Inc. |
■ | Wells Fargo Advisors |
■ | Wells Fargo Advisors Financial Network, LLC |
■ | Wells Fargo Clearing Services, LLC |
* | Ameriprise Financial affiliate |
Statement of Additional Information – January 1, 2021 | 172 |
Statement of Additional Information – January 1, 2021 | 173 |
Statement of Additional Information – January 1, 2021 | 174 |
Statement of Additional Information – January 1, 2021 | 175 |
Statement of Additional Information – January 1, 2021 | 176 |
Statement of Additional Information – January 1, 2021 | 177 |
Statement of Additional Information – January 1, 2021 | 178 |
Statement of Additional Information – January 1, 2021 | 179 |
Statement of Additional Information – January 1, 2021 | 180 |
Statement of Additional Information – January 1, 2021 | 181 |
Statement of Additional Information – January 1, 2021 | 182 |
Statement of Additional Information – January 1, 2021 | 183 |
Statement of Additional Information – January 1, 2021 | 184 |
Statement of Additional Information – January 1, 2021 | 185 |
Statement of Additional Information – January 1, 2021 | 186 |
Statement of Additional Information – January 1, 2021 | 187 |
Statement of Additional Information – January 1, 2021 | 188 |
Statement of Additional Information – January 1, 2021 | 189 |
Statement of Additional Information – January 1, 2021 | 190 |
Statement of Additional Information – January 1, 2021 | 191 |
Statement of Additional Information – January 1, 2021 | 192 |
Statement of Additional Information – January 1, 2021 | 193 |
Statement of Additional Information – January 1, 2021 | 194 |
Statement of Additional Information – January 1, 2021 | 195 |
Statement of Additional Information – January 1, 2021 | 196 |
Statement of Additional Information – January 1, 2021 | 197 |
Statement of Additional Information – January 1, 2021 | 198 |
Fund | Class |
Percentage of Class
Beneficially Owned |
Flexible Capital Income Fund | Class Inst2 | 1.37% |
Select Large Cap Value Fund | Class Inst2 | 1.89% |
Seligman Global Technology Fund | Class Inst2 | 1.51% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
Capital Allocation Aggressive Portfolio |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 90.81% | 86.91% |
Class C | 83.75% | |||
Class Inst | 52.41% | |||
ASCENSUS TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 7.53% | N/A | |
CHARLES SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R | 14.46% | N/A | |
FIIOC FBO
INDUSTRIAL REPRESENTATIVES INC 401K PROFIT SHARING PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class Inst3 | 9.41% | N/A | |
GREAT WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Adv | 7.04% | N/A | |
Class Inst2 | 25.56% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 10.49% | N/A | |
MATRIX TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 13.31% | N/A | |
Class R | 16.09% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 72.77% | N/A | |
Class R | 15.17% |
Statement of Additional Information – January 1, 2021 | 199 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 69.39% | N/A | |
Class Inst2 | 31.41% | |||
Class Inst3 | 15.18% | |||
PAI TRUST COMPANY, INC.
COMPANION ANIMAL HOSPITAL OF INDIAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 40.61% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 20.77% | N/A | |
Class Inst2 | 6.98% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 7.72% | N/A | |
Class Inst | 18.05% | |||
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 19.92% | N/A | |
Capital Allocation Conservative Portfolio |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 82.90% | 76.78% |
Class C | 82.97% | |||
Class Inst | 32.65% | |||
ASCENSUS TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 21.75% | N/A | |
CHARLES SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R | 48.77% | N/A | |
GREAT WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 34.22% | N/A | |
ICMA RETIREMENT CORPORATION
777 N CAPITOL ST NE STE 600 WASHINGTON DC 20002-4240 |
Class Inst3 | 20.85% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.59% | N/A | |
MATRIX TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 7.98% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class Adv | 29.63% | N/A | |
Class Inst | 19.13% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst2 | 12.91% | N/A | |
Class Inst3 | 68.80% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 50.77% | N/A | |
Class Inst2 | 17.77% |
Statement of Additional Information – January 1, 2021 | 200 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 16.13% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 19.28% | N/A | |
STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Inst3 | 5.54% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 25.69% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class R | 17.69% | N/A | |
Capital Allocation Moderate Aggressive Portfolio |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 63.66% | 58.53% |
Class C | 82.12% | |||
Class Inst | 11.47% | |||
CHARLES SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 18.31% | N/A | |
CHARLES SCHWAB BANK CUST
WOODRIDGE CLINIC SC PS & 401K PLAN 2423 E LINCOLN DR PHOENIX AZ 85016-1215 |
Class R | 19.01% | N/A | |
GREAT WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 38.45% | N/A | |
MATRIX TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 56.02% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 12.45% | N/A | |
Class Adv | 37.81% | |||
Class Inst | 14.21% | |||
Class Inst3 | 31.88% | |||
Class V | 14.95% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 47.17% | N/A | |
Class R | 9.75% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 36.43% | N/A | |
Class Inst3 | 11.81% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 19.54% | N/A |
Statement of Additional Information – January 1, 2021 | 201 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 5.14% | N/A | |
SEI PRIVATE TRUST COMPANY
C/O 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst2 | 18.83% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 17.65% | N/A | |
Capital Allocation Moderate Conservative Portfolio |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 83.10% | 78.85% |
Class C | 84.00% | |||
Class Inst | 32.44% | |||
CHARLES SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 5.01% | N/A | |
GREAT WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 31.38% | N/A | |
ICMA RETIREMENT CORPORATION
777 N CAPITOL ST NE STE 600 WASHINGTON DC 20002-4240 |
Class Adv | 14.20% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 23.31% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 7.00% | N/A | |
Class Adv | 11.96% | |||
Class Inst | 12.36% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 25.81% | N/A | |
Class R | 40.42% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 31.07% | N/A | |
Class Inst2 | 40.49% | |||
PAI TRUST COMPANY, INC.
COMPANION ANIMAL HOSPITAL OF INDIAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 44.63% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 40.85% | N/A | |
Class Inst2 | 7.98% | |||
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL EVANGELICAL COMMUNITY HOSPITAL 1 HOSPITAL DR LEWISBURG PA 17837-9350 |
Class Inst3 | 71.80% | N/A | |
SEI PRIVATE TRUST COMPANY
C/O 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst2 | 6.62% | N/A |
Statement of Additional Information – January 1, 2021 | 202 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Inst | 5.25% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 6.71% | N/A | |
Capital Allocation Moderate Portfolio |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 90.29% | 88.09% |
Class C | 91.11% | |||
Class Inst | 52.71% | |||
ASCENSUS TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 20.22% | N/A | |
CBNA AS CUSTODIAN FBO
FRINGE BENEFITS DESIGNS RETIREMENT 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 6.72% | N/A | |
CHARLES SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R | 23.76% | N/A | |
DEBORAH USDIN FBO
MULBERRY TECHNOLOGIES INC 401(K) PR 17 WEST JEFFERSON STREET ROCKVILLE MD 20850-4214 |
Class Adv | 6.77% | N/A | |
FIIOC FBO
INDUSTRIAL REPRESENTATIVES INC 401K PROFIT SHARING PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class Inst3 | 7.42% | N/A | |
GREAT WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 62.88% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.33% | N/A | |
MATRIX TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 40.09% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class Adv | 7.29% | N/A | |
Class Inst | 11.98% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 90.33% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 19.63% | N/A | |
Class Inst2 | 18.18% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 65.98% | N/A |
Statement of Additional Information – January 1, 2021 | 203 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 11.80% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 10.44% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 8.73% | N/A | |
Income Builder Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 77.14% | 68.30% |
Class C | 63.85% | |||
Class Inst | 63.35% | |||
ASCENSUS TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 13.53% | N/A | |
CHARLES SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 28.80% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 76.17% | N/A | |
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 14.48% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1901 |
Class Inst | 5.43% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.79% | N/A | |
Class Adv | 64.54% | |||
Class Inst2 | 34.88% | |||
NATIONWIDE TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Inst2 | 5.48% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 23.11% | N/A | |
Class Inst2 | 16.05% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 8.41% | N/A | |
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 73.39% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 5.57% | N/A |
Statement of Additional Information – January 1, 2021 | 204 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 7.80% | N/A | |
Class Inst | 7.30% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
Convertible Securities Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 18.67% | N/A |
Class C | 16.22% | |||
Class Inst | 26.19% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 36.16% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 6.19% | N/A | |
Class Inst2 | 10.87% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 8.80% | N/A | |
J P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class Inst3 | 5.31% | N/A | |
JPMCB NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 15.78% | N/A | |
JPMCB NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 52.50% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.50% | N/A | |
Class Inst | 10.85% | |||
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 8.95% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 28.00% | N/A | |
Class C | 13.14% | |||
Class Inst | 19.84% | |||
Class R | 40.66% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 10.06% | N/A | |
Class Inst | 8.89% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 13.74% | N/A | |
Class Adv | 41.38% | |||
Class C | 5.83% | |||
Class Inst2 | 48.62% | |||
Class Inst3 | 13.44% |
Statement of Additional Information – January 1, 2021 | 205 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
NATIONWIDE TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Inst2 | 5.19% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 55.43% | N/A | |
Class Inst2 | 13.65% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 12.00% | N/A | |
Class Inst | 9.97% | |||
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 16.14% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.96% | N/A | |
Class Inst | 7.46% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.47% | N/A | |
Class C | 17.77% | |||
Class Inst | 7.69% | |||
Global Equity Value Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 46.42% | 41.28% |
Class C | 29.89% | |||
Class Inst | 10.17% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst | 14.56% | N/A | |
Class Inst2 | 47.31% | |||
COMMUNITY BANK NA AS CUST
FBO SIMED 1165(E) RETIREMENT PLAN 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 50.68% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 87.97% | N/A | |
J P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class C | 6.79% | N/A | |
Class Inst3 | 5.53% | |||
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Adv | 20.19% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 6.99% | N/A | |
Class C | 7.77% | |||
Class Inst | 11.61% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 32.38% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.12% | N/A | |
Class Adv | 42.07% |
Statement of Additional Information – January 1, 2021 | 206 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 21.40% | N/A | |
Class Inst2 | 16.90% | |||
Class Inst3 | 6.17% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class R | 11.63% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 35.49% | N/A | |
UMB BANK NA
TBYRD INC ERIC C BYRD 12652 TOMAHAWK RD PARKER CO 80138-8150 |
Class C | 5.01% | N/A | |
WELLS FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Adv | 11.74% | N/A | |
Large Cap Enhanced Core Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 30.71% | N/A |
Class Inst | 16.97% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class A | 8.82% | N/A | |
Class Inst2 | 12.27% | |||
Class R | 6.60% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 8.30% | N/A | |
Class Inst2 | 23.50% | |||
COLUMBIA THERMOSTAT FUND
ATTN STEVEN SWINHART 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Inst3 | 24.00% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 12.70% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 18.13% | 30.81% | |
Class Inst | 13.30% | |||
Class Inst3 | 50.10% | |||
Class R | 7.42% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 63.03% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.10% | N/A | |
Class Adv | 31.66% | |||
Class Inst | 14.60% | |||
Class Inst2 | 37.68% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 54.32% | N/A | |
Class Inst2 | 9.01% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 6.92% | N/A |
Statement of Additional Information – January 1, 2021 | 207 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 5.98% | N/A | |
VANGUARD FIDUCIARY TRUST CO
PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Inst3 | 5.59% | N/A | |
Large Cap Growth Opportunity Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 5.76% | N/A |
Class Inst | 14.76% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 5.58% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 6.29% | N/A | |
Class Inst2 | 38.47% | |||
FIIOC FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class Adv | 8.94% | N/A | |
HARTFORD LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 39.09% | N/A | |
J P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class Inst3 | 23.21% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A | 5.08% | N/A | |
Class C | 17.85% | |||
Class Inst | 8.50% | |||
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 16.07% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 30.69% | 25.72% | |
Class C | 16.48% | |||
Class Inst | 18.40% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 8.10% | N/A | |
Class C | 7.83% | |||
Class Inst | 8.39% | |||
MORI & CO
922 WALNUT ST KANSAS CITY MO 64106-1802 |
Class Inst3 | 6.86% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 7.64% | N/A | |
Class Adv | 37.08% | |||
Class Inst2 | 29.05% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 41.00% | N/A | |
Class C | 5.83% | |||
Class Inst2 | 13.68% | |||
Class Inst3 | 61.49% |
Statement of Additional Information – January 1, 2021 | 208 |
Statement of Additional Information – January 1, 2021 | 209 |
Statement of Additional Information – January 1, 2021 | 210 |
Statement of Additional Information – January 1, 2021 | 211 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class Adv | 8.09% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 70.08% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 19.31% | N/A | |
HARTFORD LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 29.37% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 5.17% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 8.31% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.31% | N/A | |
JPMCB NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 19.82% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 9.33% | N/A | |
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 6.83% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 25.86% | N/A | |
Class Inst | 21.50% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 7.65% | N/A | |
Class Adv | 26.90% | |||
Class Inst2 | 16.59% | |||
Class Inst3 | 14.10% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 54.27% | N/A | |
Class C | 7.85% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 5.62% | N/A | |
Class C | 9.34% | |||
Class Inst | 9.96% |
Statement of Additional Information – January 1, 2021 | 212 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
RELIANCE TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 8.71% | N/A | |
STATE STREET CORPORATION
FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R | 34.36% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 7.51% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 9.95% | N/A | |
Class Inst | 6.91% | |||
Select Large Cap Equity Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 7.59% | N/A |
Class C | 31.94% | |||
Class Inst | 20.67% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst | 18.91% | N/A | |
Class Inst2 | 7.83% | |||
COLUMBIA MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 40.58% (a) | |
GREAT WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 54.52% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 13.74% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 28.24% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 16.96% | N/A | |
JPMCB NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 13.93% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 67.16% | 26.97% | |
Class C | 14.97% | |||
Class Inst | 7.92% | |||
Class Inst3 | 19.22% |
Statement of Additional Information – January 1, 2021 | 213 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 63.45% | N/A | |
Class Inst | 6.29% | |||
Class Inst2 | 10.20% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 32.75% | N/A | |
Class Inst2 | 21.14% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 15.17% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 7.03% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 12.74% | N/A | |
Select Mid Cap Value Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 9.78% | N/A |
Class C | 21.52% | |||
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class Adv | 5.02% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 16.58% | N/A | |
Class Inst | 10.79% | |||
Class Inst2 | 16.83% | |||
COLUMBIA THERMOSTAT FUND
ATTN STEVEN SWINHART 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Inst3 | 28.28% | N/A | |
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class Adv | 12.11% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 6.19% | N/A | |
Class Inst3 | 17.04% | |||
FIIOC FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class Adv | 6.98% | N/A | |
GREAT WEST LIFE & ANNUITY
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 18.88% | N/A | |
HARTFORD LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 24.88% | N/A |
Statement of Additional Information – January 1, 2021 | 214 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
ING FUND OPERATIONS TTEE
FBO ING LIFE INSURANCE & ANNUITY CO 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Inst | 12.78% | N/A | |
Class Inst3 | 8.58% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 7.99% | N/A | |
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 7.12% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 7.03% | N/A | |
Class Adv | 6.24% | |||
Class C | 6.80% | |||
Class Inst3 | 13.67% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 5.59% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 8.90% | N/A | |
Class Adv | 14.81% | |||
Class Inst | 5.58% | |||
Class Inst2 | 41.74% | |||
Class Inst3 | 9.62% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 6.05% | N/A | |
Class C | 9.75% | |||
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST NEW YORK CITY 160 WATER STREET ROOM 620 NEW YORK NY 10038-4922 |
Class Inst | 5.05% | N/A | |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST ISMIE MUTUAL INSURANCE COMPANY 20 N MICHIGAN AVE STE 700 CHICAGO IL 60602-4822 |
Class Adv | 7.62% | N/A | |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST TISHMAN SPEYER PROPERTIES, LP 11 WEST 42ND STREET 2ND FLOOR NEW YORK NY 10036-8008 |
Class Adv | 8.09% | N/A | |
RBC CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C | 5.49% | N/A | |
RELIANCE TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class Adv | 7.13% | N/A | |
Class Inst2 | 10.16% | |||
Class R | 15.03% | |||
STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 8.11% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.70% | N/A |
Statement of Additional Information – January 1, 2021 | 215 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
VRSCO
FBO CUST TTEE 2727A ALLEN PKWY # 4-D1 HOUSTON TX 77019-2107 |
Class Inst2 | 10.83% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 12.12% | N/A | |
Small Cap Index Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 25.69% | N/A |
Class Inst | 7.43% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 7.04% | N/A | |
Class Inst2 | 8.65% | |||
FIIOC FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class A | 6.17% | N/A | |
Class Inst2 | 7.14% | |||
GREAT WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 9.03% | N/A | |
JOHN HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class Inst2 | 5.12% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 12.52% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 11.53% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.10% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 22.91% | N/A | |
JPMCB NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 20% EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 11.19% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 14.49% | N/A | |
Class Inst | 19.67% | |||
Class Inst2 | 13.89% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Inst | 8.39% | N/A | |
Class Inst2 | 14.29% | |||
Class Inst3 | 6.71% |
Statement of Additional Information – January 1, 2021 | 216 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Inst2 | 8.52% | N/A | |
RELIANCE TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class A | 6.11% | N/A | |
Class Inst2 | 5.47% | |||
Class Inst3 | 6.82% | |||
TIAA FSB CUST/TTEE FBO
RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
Class Inst3 | 5.33% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class Inst | 5.77% | N/A | |
Small Cap Value Fund II |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class C | 52.16% | N/A |
CAPTITAL BANK & TRUST COPMANY
TTEE 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 21.81% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 5.38% | N/A | |
Class Inst | 10.42% | |||
Class Inst2 | 7.88% | |||
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class Adv | 8.51% | N/A | |
Class R | 8.27% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class C | 7.78% | N/A | |
Class Inst3 | 46.04% | |||
GREAT WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Adv | 6.70% | N/A | |
Class Inst2 | 5.79% | |||
HARTFORD LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 17.70% | N/A | |
LINCOLN RETIREMENT SERVICES CO
FBO PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Inst2 | 9.92% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.10% | N/A | |
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 10.31% | N/A |
Statement of Additional Information – January 1, 2021 | 217 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
MERRILL LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class Adv | 10.36% | N/A | |
Class Inst | 5.31% | |||
Class Inst3 | 5.45% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst2 | 31.69% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 9.19% | N/A | |
Class Inst | 52.37% | |||
Class Inst2 | 9.23% | |||
Class Inst3 | 15.92% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 8.43% | N/A | |
Class Inst2 | 28.21% | |||
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST THE ARCHDIOCESE OF ST LOUIS 20 ARCHBISHOP MAY DR SAINT LOUIS MO 63119-5738 |
Class Adv | 8.52% | N/A | |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST BOYD GAMING CORPORATION 401(K) 6465 S RAINBOW BLVD LAS VEGAS NV 89118-3215 |
Class Adv | 19.03% | N/A | |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST AMERICAN WATER 401(K) SAVINGS P O BOX 1770 1 WATER ST CAMDEN NJ 08102-1658 |
Class Inst3 | 7.25% | N/A | |
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST DEFERRED COMPENSATION PLAN FOR 148 MARTINE AVE 7TH FLOOR 375 EXECUTIVE BLVD 2ND FLOOR WHITE PLAINS NY 10601-3311 |
Class Adv | 14.02% | N/A | |
RELIANCE TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class A | 7.75% | N/A | |
Class Adv | 10.54% | |||
Class R | 33.29% | |||
SUPPLEMENTAL INCOME TRUST FUND
PO BOX 8338 BOSTON MA 02266-8338 |
Class A | 42.59% | N/A | |
VRSCO
FBO CUST TTEE 2727A ALLEN PKWY # 4-D1 HOUSTON TX 77019-2107 |
Class A | 5.68% | N/A | |
WELLS FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Inst | 9.05% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 10.04% | N/A |
Statement of Additional Information – January 1, 2021 | 218 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
Short Term Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 61.40% | N/A |
Class C | 31.80% | |||
Class Inst | 24.65% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 60.22% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 7.18% | N/A | |
COLUMBIA THERMOSTAT FUND
ATTN STEVEN SWINHART 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Inst3 | 14.08% | N/A | |
JPMCB NA AS CUST FOR THE SC529 PLAN
COLUMBIA SHORT TERM BOND 529 PORT 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 17.50% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 7.41% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 10.69% | N/A | |
LPL FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.72% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 8.93% | 37.32% | |
Class C | 12.31% | |||
Class Inst | 13.92% | |||
Class Inst3 | 58.04% | |||
Class R | 11.33% | |||
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 12.96% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 41.94% | N/A | |
Class Inst2 | 85.06% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 49.53% | N/A | |
Class C | 6.50% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 11.85% | N/A | |
Class R | 11.69% |
Statement of Additional Information – January 1, 2021 | 219 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 6.15% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 5.17% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 11.05% | N/A | |
Class Inst | 9.05% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
CA Intermediate Municipal Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 32.76% | N/A |
Class C | 25.31% | |||
Class Inst | 7.83% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 41.83% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 92.40% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 16.05% | 66.15% | |
Class C | 9.86% | |||
Class Inst | 74.86% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 8.34% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 6.85% | N/A | |
Class Adv | 17.90% | |||
Class Inst2 | 53.02% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 8.86% | N/A | |
Class Adv | 79.98% | |||
Class Inst3 | 7.43% | |||
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 29.04% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 16.57% | N/A | |
Class C | 16.40% | |||
GA Intermediate Municipal Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 6.96% | N/A |
Class C | 19.23% |
Statement of Additional Information – January 1, 2021 | 220 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst | 5.74% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 5.54% | N/A | |
Class Inst3 | 96.79% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A | 8.39% | N/A | |
Class C | 15.93% | |||
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 28.13% | 65.50% | |
Class C | 6.51% | |||
Class Inst | 80.79% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 16.36% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 12.96% | N/A | |
Class Adv | 60.43% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 35.28% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 5.98% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 7.45% | N/A | |
Class C | 46.74% | |||
MD Intermediate Municipal Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 8.64% | N/A |
Class C | 12.09% | |||
Class Inst | 7.25% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 7.57% | N/A | |
Class C | 7.40% | |||
Class Inst | 5.66% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class C | 35.55% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 7.90% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 48.42% | 66.61% | |
Class Inst | 18.66% | |||
Class Inst3 | 95.68% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class Inst | 5.39% | N/A |
Statement of Additional Information – January 1, 2021 | 221 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 92.46% | N/A | |
Class Inst | 5.11% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 5.02% | N/A | |
Class C | 5.79% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Adv | 6.43% | N/A | |
Class Inst | 5.32% | |||
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 5.44% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 15.67% | N/A | |
Class C | 32.62% | |||
Class Inst | 22.57% | |||
NC Intermediate Municipal Bond Fund |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 13.39% | N/A |
Class C | 7.21% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.36% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 18.71% | 76.97% | |
Class C | 13.15% | |||
Class Inst | 14.34% | |||
Class Inst3 | 98.01% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 10.83% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 46.92% | N/A | |
Class Inst | 9.27% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 8.91% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 5.49% | N/A | |
SEI PRIVATE TRUST CO
C/O FRANKLIN STREET ATTN MUTUAL FUNDS ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Adv | 51.04% | N/A | |
STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 6.29% | N/A |
Statement of Additional Information – January 1, 2021 | 222 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 41.00% | N/A | |
Class C | 29.20% | |||
Class Inst | 52.74% | |||
SC Intermediate Municipal Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 8.40% | N/A |
Class C | 14.19% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 13.69% | N/A | |
Class C | 10.71% | |||
Class Inst3 | 31.93% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 18.44% | N/A | |
MARIL & CO FBO
C/O RELIANCE TRUST COMPANY WI MAILCODE: BD1N – ATTN: MF 4900 W BROWN DEER RD MILWAUKEE WI 53223-2422 |
Class Inst3 | 62.34% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 20.32% | 55.23% | |
Class C | 7.93% | |||
Class Inst | 77.11% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 10.47% | N/A | |
Class C | 5.16% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 28.15% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 68.00% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 11.79% | N/A | |
Class C | 7.74% | |||
Class Inst | 6.17% | |||
SEI PRIVATE TRUST CO
C/O FRANKLIN STREET ATTN MUTUAL FUNDS ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst3 | 5.22% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class A | 10.43% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.12% | N/A | |
Class C | 25.52% | |||
Short Term Municipal Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 30.10% | N/A |
Class C | 28.91% | |||
Class Inst | 26.83% |
Statement of Additional Information – January 1, 2021 | 223 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 9.68% | N/A | |
Class Inst2 | 17.05% | |||
COMERICA BANK FBO CALHOUN
PO BOX 75000 DETROIT MI 48275-0001 |
Class Adv | 45.93% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 5.47% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 9.39% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 15.90% | 69.40% | |
Class Inst | 12.56% | |||
Class Inst3 | 99.11% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 5.71% | N/A | |
Class C | 16.70% | |||
Class Inst | 13.79% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 10.23% | N/A | |
Class Adv | 40.66% | |||
Class Inst | 5.32% | |||
Class Inst2 | 8.94% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 12.78% | N/A | |
Class C | 7.07% | |||
Class Inst2 | 56.73% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 13.88% | N/A | |
SEI PRIVATE TRUST CO
C/O FRANKLIN STREET ATTN MUTUAL FUNDS ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst2 | 16.51% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 8.57% | N/A | |
Class Inst | 7.22% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 6.36% | N/A | |
Class C | 16.75% | |||
Class Inst | 7.63% | |||
VA Intermediate Municipal Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 6.85% | N/A |
Class C | 32.46% | |||
Class Inst | 23.44% | |||
BB&T COLLATERAL LOAN ACCT FBO
1116 MARNEY CT HENRICO VA 23229-6086 |
Class Adv | 13.95% | N/A | |
BB&T COLLATERAL LOAN ACCT FBO
2808 ROBSON PL RICHMOND VA 23233-1730 |
Class Adv | 13.48% | N/A |
Statement of Additional Information – January 1, 2021 | 224 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 13.84% | N/A | |
Class C | 13.09% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 7.71% | N/A | |
Class C | 13.10% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.02% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 39.14% | 72.18% | |
Class Inst | 25.73% | |||
Class Inst3 | 96.88% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 6.04% | N/A | |
Class Inst | 6.25% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 71.71% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 8.32% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 6.24% | N/A | |
Class C | 22.53% | |||
Class Inst | 18.34% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
Commodity Strategy Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 28.83% | N/A |
Class C | 47.07% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 9.90% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 99.31% | N/A | |
JPMCB NA CUST FOR
COLUMBIA ADAPTIVE RISK ALLOCATION 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 97.87% | N/A | |
COLUMBIA MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 90.39% (a) |
Statement of Additional Information – January 1, 2021 | 225 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
LPL FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.87% | N/A | |
MANOJ MOHAN TTEE FBO
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 28.57% | N/A | |
MASSACHUSETTS MUTUAL INSURANCE COM
1295 STATE STREET SPRINGFIELD MA 01111-0001 |
Class R | 32.35% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class Inst | 76.52% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 19.28% | N/A | |
PAI TRUST COMPANY, INC
STUDIOPOLIS, INC. 401(K) P/S PLAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 5.49% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 22.35% | N/A | |
Class Adv | 98.60% | |||
Class C | 11.50% | |||
RELIANCE TRUST CO CUST
FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 12.79% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class C | 30.02% | N/A | |
THE HARTFORD
1 HARTFORD PLZ HARTFORD CT 06155-0001 |
Class A | 11.55% | N/A | |
Class R | 10.08% | |||
UMB BANK NA
CUST IRA FBO BERNARD G FIRMENICH 8 WARD ST FRENCHTOWN NJ 08825-1021 |
Class Inst | 6.24% | N/A | |
UMB BANK NA
CUST IRA FBO FRANCES MAURENE BISHOP 254 BROOKSIDE LN OCEANSIDE CA 92056-4833 |
Class Inst | 6.53% | N/A | |
Dividend Opportunity Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 77.83% | 54.49% |
Class C | 43.10% | |||
Class Inst | 41.51% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 16.48% | N/A | |
DCGT AS TTEE AND/OR CUST
FBO VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class Inst3 | 9.91% | N/A |
Statement of Additional Information – January 1, 2021 | 226 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 6.55% | N/A | |
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Adv | 8.35% | N/A | |
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Inst3 | 9.60% | N/A | |
JPMCB NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 44.84% | N/A | |
LPL FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 9.82% | N/A | |
MARIL & CO FBO 5A
C/O RELIANCE TRUST COMPANY WI MAILCODE: BD1N – ATTN: MF 4900 W BROWN DEER RD MILWAUKEE WI 53223-2422 |
Class Inst2 | 12.99% | N/A | |
Class Inst3 | 5.54% | |||
MERRILL LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Inst | 6.54% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class Inst | 6.69% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 49.15% | N/A | |
Class Inst2 | 19.19% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 27.53% | N/A | |
Class Inst2 | 9.07% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 15.16% | N/A | |
Class Inst | 7.86% | |||
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 84.21% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 29.39% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 7.44% | N/A | |
VANGUARD FIDUCIARY TRUST CO
PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Inst3 | 8.29% | N/A |
Statement of Additional Information – January 1, 2021 | 227 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 8.22% | N/A | |
Flexible Capital Income Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 58.22% | 39.58% |
Class C | 28.28% | |||
Class Inst | 41.97% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 18.17% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 98.99% | N/A | |
LPL FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Adv | 6.08% | N/A | |
Class Inst | 10.29% | |||
MID ATLANTIC TRUST COMPANY FBO
URGENT AMBULANCE SERVICE INC 401(K) 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 5.54% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 9.85% | N/A | |
Class Inst | 16.05% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 6.72% | N/A | |
Class Adv | 47.54% | |||
Class Inst2 | 31.61% | |||
Class R | 20.38% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 36.80% | N/A | |
Class Inst2 | 21.03% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 14.75% | N/A | |
Class Inst | 8.68% | |||
Class R | 18.23% | |||
STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 6.26% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 29.09% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.99% | N/A | |
Class Inst | 7.53% | |||
Class R | 49.16% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.99% | N/A | |
Class C | 15.05% | |||
Class Inst | 8.61% |
Statement of Additional Information – January 1, 2021 | 228 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
High Yield Bond Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 70.54% | 37.46% |
Class C | 64.40% | |||
Class Inst | 45.52% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 33.59% | N/A | |
ING LIFE INSURANCE AND ANNUITY CO
ONE ORANGE WAY WINDSOR CT 06095-4773 |
Class Adv | 8.03% | N/A | |
Class R | 39.19% | |||
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 16.24% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 13.12% | N/A | |
JPMCB NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 43.57% | N/A | |
MERRILL LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Inst3 | 7.00% | N/A | |
Class R | 7.76% | |||
MINNESOTA LIFE INS COMPANY
ATTN KENNETH MONTAGUE 400 ROBERT STREET NORTH ST PAUL MN 55101-2099 |
Class Adv | 17.98% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class Inst | 12.98% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 6.32% | N/A | |
Class Inst | 8.19% | |||
Class Inst2 | 40.28% | |||
NATIONWIDE TRUST COMPANY FSB
FBO PARTICIPATING RETIREMENT PLANS C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Adv | 36.87% | N/A | |
Class Inst2 | 11.56% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 5.03% | N/A | |
RELIANCE TRUST CO CUST
FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class Adv | 5.13% | N/A | |
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 39.67% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 7.20% | N/A |
Statement of Additional Information – January 1, 2021 | 229 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 6.17% | N/A | |
Large Cap Value Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 87.18% | 80.54% |
Class C | 83.06% | |||
Class Inst | 85.99% | |||
AMERIPRISE TRUST COMPANY AS TR
990 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0009 |
Class Inst2 | 35.48% | N/A | |
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 14.58% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 9.40% | N/A | |
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Adv | 8.22% | N/A | |
Class Inst2 | 13.51% | |||
Class R | 6.95% | |||
ING LIFE INSURANCE AND ANNUITY CO
ONE ORANGE WAY WINDSOR CT 06095-4773 |
Class Adv | 49.34% | N/A | |
Class R | 12.13% | |||
ING NATIONAL TRUST
1475 DUNWOODY DR WEST CHESTER PA 19380-1478 |
Class Adv | 7.37% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 95.19% | N/A | |
MASSACHUSETTS MUTUAL INSURACNCE COM
1295 STATE STREET SPRINGFIELD MA 01111-0001 |
Class Adv | 9.01% | N/A | |
MG TRUST COMPANY CUST
FBO APPLIED RELIABILITY ENGINEERING 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 10.55% | N/A | |
MID ATLANTIC TRUST COMPANY FBO
URGENT AMBULANCE SERVICE INC 401(K) 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst2 | 9.56% | N/A | |
Class R | 6.57% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 7.54% | N/A | |
Class Inst2 | 13.19% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Inst2 | 8.12% | N/A | |
RELIANCE TRUST CO CUST
FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 9.91% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 5.64% | N/A |
Statement of Additional Information – January 1, 2021 | 230 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
THE HARTFORD
1 HARTFORD PLZ HARTFORD CT 06155-0001 |
Class R | 18.57% | N/A | |
TROY CLOVIS & SARAH HUNT TTEE FBO
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 11.85% | N/A | |
MM Value Strategies Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class Inst | 100.00% | 100.00% |
COLUMBIA MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class Inst3 | 100.00% | N/A (a) | |
Mortgage Opportunities Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 43.43% | N/A |
Class C | 27.69% | |||
Class Inst | 30.23% | |||
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 22.49% | N/A | |
Class Inst2 | 48.85% | |||
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 8.36% | N/A | |
JPMCB NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 59.58% | N/A | |
JPMCB NA CUST FOR COLUMBIA CAPITAL
ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 10.47% | N/A | |
LPL FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 8.85% | N/A | |
Class Inst | 24.46% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 9.35% | N/A | |
Class Adv | 66.42% | |||
Class C | 5.91% | |||
Class Inst2 | 31.30% | |||
Class Inst3 | 11.46% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 32.17% | N/A | |
Class C | 6.73% | |||
Class Inst2 | 8.37% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 26.73% | N/A | |
Class Inst | 12.69% | |||
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 9.94% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 6.71% | N/A | |
Class C | 16.46% | |||
Class Inst | 24.87% |
Statement of Additional Information – January 1, 2021 | 231 |
Statement of Additional Information – January 1, 2021 | 232 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.85% | N/A | |
Class Adv | 49.41% | |||
Class C | 6.47% | |||
Class Inst2 | 20.76% | |||
NATIONWIDE TRUST COMPANY FSB
FBO PARTICIPATING RETIREMENT PLANS C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Inst2 | 7.55% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 36.07% | N/A | |
Class C | 5.69% | |||
Class Inst2 | 11.63% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 5.41% | N/A | |
RELIANCE TRUST CO CUST
FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class Inst2 | 9.95% | N/A | |
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 62.41% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 8.11% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 9.90% | N/A | |
Select Large Cap Value Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 9.09% | N/A |
Class C | 9.49% | |||
Class Inst | 6.99% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 6.99% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 7.96% | N/A | |
Class Inst2 | 36.29% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 22.95% | N/A | |
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Adv | 5.75% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 14.54% | N/A |
Statement of Additional Information – January 1, 2021 | 233 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 29.97% | N/A | |
JPMCB NA CUST FOR COLUMBIA CAPITAL
ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 15.57% | N/A | |
LPL FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.81% | N/A | |
Class Inst | 25.18% | |||
MERRILL LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 31.29% | N/A | |
Class C | 18.06% | |||
Class Inst | 11.67% | |||
Class Inst3 | 6.02% | |||
Class R | 14.94% | |||
MG TRUST COMPANY CUST
FBO APPLIED RELIABILITY ENGINEERING 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 12.03% | N/A | |
MID ATLANTIC TRUST COMPANY FBO
URGENT AMBULANCE SERVICE INC 401(K) 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 11.72% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 8.05% | N/A | |
Class C | 11.91% | |||
Class Inst | 30.51% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 11.08% | N/A | |
Class Inst2 | 21.99% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 81.31% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 6.12% | N/A | |
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 41.74% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 9.04% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.83% | N/A | |
Class Inst | 8.48% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 6.15% | N/A | |
Class C | 19.30% | |||
Class Inst | 5.16% |
Statement of Additional Information – January 1, 2021 | 234 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
Select Small Cap Value Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 75.57% | 66.46% |
Class C | 43.14% | |||
Class Inst | 62.22% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class C | 9.80% | N/A | |
Class R | 22.50% | |||
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class Adv | 39.31% | N/A | |
CAPITAL BANK & TRUST CO TTEE FBO
J&R DAIRY SERVICE/JOE & RSS ICE CRM C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 5.74% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 11.28% | N/A | |
DCGT AS TTEE AND/OR CUST
FBO VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 5.92% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 65.50% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 12.48% | N/A | |
MERRILL LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class R | 36.42% | N/A | |
MG TRUST COMPANY CUST
FBO APPLIED RELIABILITY ENGINEERING 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 8.50% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 10.85% | N/A | |
Class Inst2 | 8.44% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 10.46% | N/A | |
Class C | 7.67% | |||
Class Inst2 | 9.88% | |||
RBC CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class Inst | 15.85% | N/A |
Statement of Additional Information – January 1, 2021 | 235 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
VRSCO
FBO AIGFSB CUSTODIAN TRUSTEE FBO 2929 ALLEN PKWY STE A6-20 HOUSTON TX 77019-7100 |
Class Adv | 29.86% | N/A | |
Class Inst2 | 58.70% | |||
WELLS FARGO BANK NA FBO
OMNIBUS REINVEST CASH PO BOX 1533 MINNEAPOLIS MN 55480-1533 |
Class Inst3 | 19.77% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 12.24% | N/A | |
Class Inst | 6.08% | |||
Seligman Communications and Information Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class C | 11.85% | N/A |
Class Inst | 17.93% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 7.27% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 8.28% | N/A | |
Class Adv | 8.20% | |||
Class Inst2 | 16.97% | |||
DCGT AS TTEE AND/OR CUST
FBO VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class Inst3 | 6.92% | N/A | |
GREAT-WEST TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Inst2 | 5.97% | N/A | |
MERRILL LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 7.78% | N/A | |
Class Adv | 16.96% | |||
Class Inst | 15.03% | |||
Class Inst3 | 8.07% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 8.22% | N/A | |
Class C | 9.15% | |||
Class Inst | 6.85% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 9.47% | N/A | |
Class Adv | 35.16% | |||
Class C | 7.03% | |||
Class Inst2 | 23.86% | |||
Class Inst3 | 43.22% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 5.45% | N/A | |
Class Adv | 30.22% | |||
Class C | 10.38% | |||
Class Inst2 | 11.07% | |||
Class Inst3 | 9.65% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 11.53% | N/A | |
Class Inst | 17.07% |
Statement of Additional Information – January 1, 2021 | 236 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R | 32.58% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 13.55% | N/A | |
THE HARTFORD
1 HARTFORD PLZ HARTFORD CT 06155-0001 |
Class R | 21.39% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.45% | N/A | |
Class Inst | 9.15% | |||
Class R | 5.50% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 9.20% | N/A | |
Class C | 17.32% | |||
Class Inst | 15.20% |
Statement of Additional Information – January 1, 2021 | 237 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.61% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 19.62% | N/A | |
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PLACE, SUITE 525 PITTSBURGH PA 15222-4228 |
Class Adv | 5.79% | N/A | |
MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class R | 8.49% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 5.77% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 22.97% | N/A | |
Class Inst2 | 11.81% | |||
PAI TRUST COMPANY INC
1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 11.74% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 18.72% | N/A | |
RELIANCE TRUST COMPANY FBO
PO BOX 28004 ATLANTA GA 30358-0004 |
Class Inst2 | 12.42% | N/A | |
STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R | 12.79% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 11.46% | N/A | |
VANGUARD FDUCIARY TRUST CO
PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Inst2 | 12.33% | N/A | |
WELLS FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Adv | 11.11% | N/A | |
Class Inst2 | 18.89% | |||
Disciplined Growth Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 67.72% | 32.73% |
Class C | 56.39% | |||
Class Inst | 63.04% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class Inst2 | 5.27% | N/A | |
Class R | 22.59% | |||
CHARLES SCHWAB & CO INC
ATTN MUTUAL FUND OPS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 21.36% | N/A |
Statement of Additional Information – January 1, 2021 | 238 |
Statement of Additional Information – January 1, 2021 | 239 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 25.02% | N/A | |
COLUMBIA MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 59.74%(a) | |
DONG II SEO & DAE HYUN SON TTEE FBO
C/O FASCORE LLC SONEX EXPRESS INC RETIREMENT PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 9.06% | N/A | |
GREAT-WEST TRUST COMPANY LLC TTEE F
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 74.18% | N/A | |
JPMCB NA AS CUSTODIAN FOR THE SC529
PLAN COLUMBIA GROWTH 529 PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 35.83% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 18.20% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 41.01% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.80% | N/A | |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 24.22% | N/A | |
MATRIX TRUST COMPANY AS AGENT FOR
NEWPORT TRUST COMPANY 35 IRON POINT CIR FOLSOM CA 95630-8587 |
Class R | 26.98% | N/A | |
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 27.58% | N/A | |
MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class A | 35.51% | N/A | |
Class V | 10.02% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 30.03% | N/A | |
PATTERSON & CO FBO
KNOX COUNTY SHERIFF S TARP 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class A | 6.09% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 69.46% | N/A |
Statement of Additional Information – January 1, 2021 | 240 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 21.13% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 46.90% | N/A | |
Class Inst | 18.57% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 9.76% | N/A | |
Floating Rate Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 73.39% | 36.27% |
Class C | 37.90% | |||
Class Inst | 31.56% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 12.72% | N/A | |
CAPITAL BANK & TRUST CO TTEE FBO
CONCORD GENERAL 401K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 15.81% | N/A | |
CBNA AS CUSTODIAN FBO
FRINGE BENEFITS DESIGN RETIREMENT P 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 8.84% | N/A | |
CHARLES SCHWAB & CO INC
ATTN MUTUAL FUND OPS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 13.24% | N/A | |
Class Inst2 | 33.60% | |||
FIIOC FBO
WATT COMPANIES INC 401K PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R | 7.12% | N/A | |
JPMCB NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 75.95% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 7.25% | N/A | |
Class Inst | 12.40% | |||
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 5.82% | N/A | |
MID ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PLACE, SUITE 525 PITTSBURGH PA 15222-4228 |
Class R | 7.32% | N/A | |
MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class C | 9.75% | N/A | |
Class Inst | 15.59% | |||
Class R | 9.05% | |||
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 6.86% | N/A | |
Class Inst | 16.67% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 40.28% | N/A | |
Class C | 5.12% | |||
Class Inst2 | 45.44% | |||
Class R | 6.01% |
Statement of Additional Information – January 1, 2021 | 241 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
PENCHECKS TRUST COMPANY OF AMERICA
PITTS AUTOMOTIVE GROUP 1705 KNOX ST DUBLIN GA 31021-3634 |
Class R | 5.33% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 41.67% | N/A | |
Class Inst2 | 12.68% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 6.22% | N/A | |
Class Inst | 7.98% | |||
SEI PRIVATE TRUST COMPANY
ATTN MUTUAL FUND ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst3 | 14.33% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.35% | N/A | |
Class Inst | 5.13% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 7.05% | N/A | |
Class Inst | 5.11% | |||
Global Opportunities Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 90.29% | 87.51% |
Class C | 87.82% | |||
Class Inst | 77.28% | |||
ASCENSUS TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class Inst3 | 63.23% | N/A | |
Class R | 7.15% | |||
CHARLES SCHWAB & CO INC
ATTN MUTUAL FUND OPS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 16.28% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.41% | N/A | |
MATRIX TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 42.75% | N/A | |
MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class Inst | 7.10% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 18.78% | N/A | |
Class Inst2 | 21.48% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 49.24% | N/A | |
Class Inst3 | 33.24% | |||
RELIANCE TRUST COMPANY FBO
MASSMUTUAL REGISTERED PRODUCT PO BOX 28004 ATLANTA GA 30358-0004 |
Class Adv | 24.32% | N/A |
Statement of Additional Information – January 1, 2021 | 242 |
Statement of Additional Information – January 1, 2021 | 243 |
Statement of Additional Information – January 1, 2021 | 244 |
Statement of Additional Information – January 1, 2021 | 245 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 13.62% | N/A | |
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 19.03% | N/A | |
STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class Inst | 16.39% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 9.55% | N/A | |
Class Inst | 7.67% | |||
MN Tax-Exempt Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 73.24% | 67.51% |
Class C | 80.30% | |||
Class Inst | 63.55% | |||
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 7.35% | N/A | |
Class Inst3 | 98.91% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 10.96% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 25.63% | N/A | |
Class Inst2 | 15.41% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 73.38% | N/A | |
Class Inst2 | 8.36% | |||
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 76.05% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 15.26% | N/A | |
Strategic Municipal Income Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 70.15% | 48.24% |
Class C | 42.44% | |||
Class Inst | 43.47% | |||
CHARLES SCHWAB & CO INC
ATTN MUTUAL FUND OPS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 43.91% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 5.33% | N/A | |
Class Inst3 | 51.99% | |||
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.63% | N/A | |
MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class C | 10.59% | N/A | |
Class Inst | 16.61% |
Statement of Additional Information – January 1, 2021 | 246 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 10.08% | N/A | |
Class Inst | 8.51% | |||
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 44.50% | N/A | |
Class Inst2 | 23.89% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 52.47% | N/A | |
Class Inst2 | 6.49% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 8.07% | N/A | |
Class Inst | 6.26% | |||
SEI PRIVATE TRUST COMPANY
ATTN MUTUAL FUND ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst3 | 41.85% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 25.68% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.14% | N/A | |
Class Inst | 8.90% | |||
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 10.19% | N/A |
Statement of Additional Information – January 1, 2021 | 247 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
JPMCB NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 12.22% | N/A | |
JPMCB NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 53.71% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 5.93% | N/A | |
MATRIX TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 48.25% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FBO CUSTOMERS MUTUAL FUNDS 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
Class Adv | 14.56% | N/A | |
Class Inst2 | 29.83% | |||
Class Inst3 | 7.86% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 64.97% | N/A | |
Class C | 12.47% | |||
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 18.52% | N/A | |
Class Inst | 18.56% | |||
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 95.15% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 5.48% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 9.11% | N/A | |
VENERABLE INSURANCE & ANNUITY CO
1475 DUNWOODY DR WEST CHESTER PA 19380-1478 |
Class Adv | 8.06% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 22.33% | N/A | |
Class Inst | 9.97% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
Select Global Equity Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 75.60% | 66.53% |
Class C | 62.84% | |||
Class Inst | 78.80% | |||
ASCENSUS TRUST COMPANY FBO
SAFETY CENTER INCORPORATED 401(K) PO BOX 10758 FARGO ND 58106-0758 |
Class R | 15.24% | N/A |
Statement of Additional Information – January 1, 2021 | 248 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 13.38% | N/A | |
EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 5.05% | N/A | |
JPMCB NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 94.14% | N/A | |
LPL FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 7.27% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 22.34% | N/A | |
Class Inst2 | 28.78% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 76.39% | N/A | |
Class Inst2 | 11.77% | |||
PIMS/PRUDENTIAL RETIREMENT
AS NOMINEE FOR THE TTEE/CUST BRITZ INC 401(K) PLAN 3265 W FIGARDEN DR FRESNO CA 93711-3912 |
Class R | 58.84% | N/A | |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 8.47% | N/A | |
STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R | 12.39% | N/A | |
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 45.89% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 9.65% | N/A | |
Seligman Global Technology Fund |
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 30.08% | 29.73% |
Class C | 32.63% | |||
Class Inst | 46.67% | |||
ASCENSUS TRUST COMPANY FBO
KOOPS INC 401(K) PO BOX 10758 FARGO ND 58106-0758 |
Class Inst2 | 6.98% | N/A | |
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 20.20% | N/A |
Statement of Additional Information – January 1, 2021 | 249 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
DCGT AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS ATTN NPIO TRADE DESK OMNIBUS 711 HIGH ST DES MOINES IA 50392-0001 |
Class Inst3 | 7.21% | N/A | |
GREAT-WEST TRUST COMPANY LLC TTEE F
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 5.23% | N/A | |
HARTFORD LIFE INSURANCE COMPANY
ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 7.65% | N/A | |
J P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class A | 6.51% | N/A | |
Class Inst3 | 8.04% | |||
MASSACHUSETTS MUTUAL INSURANCE COM
1295 STATE STREET MIP M200-INVST SPRINGFIELD MA 01111-0001 |
Class Inst3 | 54.99% | N/A | |
MERRILL LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Adv | 23.03% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH CUST
FBO MICHAEL JONSSON WORLD FINANCIAL CENTER NORTH TOWER NEW YORK NY 10281 |
Class A | 6.19% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT
OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class Inst2 | 5.86% | N/A | |
MERRILL LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT
OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class C | 5.63% | N/A | |
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1901 |
Class C | 8.96% | N/A | |
NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 10.54% | N/A | |
Class Adv | 25.32% | |||
Class C | 5.77% | |||
Class Inst2 | 13.94% | |||
PERSHING LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 26.23% | N/A | |
Class C | 6.50% | |||
Class Inst2 | 13.83% | |||
Class Inst3 | 9.59% |
Statement of Additional Information – January 1, 2021 | 250 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage of Fund
(if greater than 25%) |
RAYMOND JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 9.11% | N/A | |
SAMMONS FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 25.39% | N/A | |
STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Inst2 | 6.61% | N/A | |
Class Inst3 | 13.72% | |||
TD AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 12.87% | N/A | |
UBS WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 14.15% | N/A | |
VENERABLE INSURANCE & ANNUITY CO
1475 DUNWOODY DR WEST CHESTER PA 19380-1478 |
Class R | 53.73% | N/A | |
WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 12.09% | N/A | |
Class Inst | 9.00% |
(a) | Combination of all share classes of Columbia Management initial capital and/or affiliated funds-of-funds’ investments. |
Statement of Additional Information – January 1, 2021 | 251 |
Statement of Additional Information – January 1, 2021 | 252 |
Statement of Additional Information – January 1, 2021 | A-1 |
Statement of Additional Information – January 1, 2021 | A-2 |
Statement of Additional Information – January 1, 2021 | A-3 |
Long-Term Rating | Short-Term Rating |
AAA | F1+ |
AA+ | F1+ |
AA | F1+ |
AA– | F1+ |
A+ | F1 or F1+ |
A | F1 or F1+ |
A– | F2 or F1 |
BBB+ | F2 or F1 |
BBB | F3 or F2 |
BBB– | F3 |
BB+ | B |
BB | B |
BB– | B |
B+ | B |
B | B |
B– | B |
CCC+ / CCC / CCC– | C |
CC | C |
C | C |
RD / D | RD / D |
Statement of Additional Information – January 1, 2021 | A-4 |
Statement of Additional Information – January 1, 2021 | A-5 |
■ | There is a missed interest payment, principal payment, or preferred dividend payment, as applicable, on a rated obligation which is unlikely to be recovered. |
■ | The rated entity files for protection from creditors, is placed into receivership, or is closed by regulators such that a missed payment is likely to result. |
■ | The rated entity seeks and completes a distressed exchange, where existing rated obligations are replaced by new obligations with a diminished economic value. |
Statement of Additional Information – January 1, 2021 | A-6 |
■ | There is a missed interest payment, principal payment, or preferred dividend payment, as applicable, on a rated obligation which is unlikely to be recovered. |
■ | The rated entity files for protection from creditors, is placed into receivership, or is closed by regulators such that a missed payment is likely to result. |
■ | The rated entity seeks and completes a distressed exchange, where existing rated obligations are replaced by new obligations with a diminished economic value. |
Statement of Additional Information – January 1, 2021 | A-7 |
Statement of Additional Information – January 1, 2021 | B-1 |
■ | effectively exercise their voting rights across the full range of business normally associated with general meetings of a company in line with market best practice (e.g. the election of individual directors, discharge authorities, capital authorities, auditor appointment, major or related party transactions etc). |
■ | place items on the agenda of general meetings, and to propose resolutions subject to reasonable limitations; |
■ | call a meeting of shareholders for the purpose of transacting the legitimate business of the company; and |
■ | Clear, consistent and effective reporting to shareholders is undertaken at regular intervals and that they remain aware of shareholder sentiment on major issues to do with the business, its strategy and performance. Where significant shareholder dissent is emerging or apparent (e.g. through the voting levels seen at General Meetings), boards should act to address that. |
■ | Boards should also allow a reasonable opportunity for the shareholders at a general meeting to ask questions about or make comments on the management of the company, and to ask the external auditor questions related to the audit. |
Statement of Additional Information – January 1, 2021 | B-2 |
Statement of Additional Information – January 1, 2021 | B-3 |
■ | subject to proper oversight by the board and regular review (e.g. audit, shareholder approval); |
■ | clearly justified and not be detrimental to the long-term interests of the company; |
■ | undertaken in the normal course of business; |
■ | undertaken on fully commercial terms; |
■ | In line with best practice; and |
■ | In the interests of all shareholders. |
Statement of Additional Information – January 1, 2021 | B-4 |
Statement of Additional Information – January 1, 2021 | B-5 |
1. | Clear, simple and understandable; |
2. | Balanced and proportionate, in respect of structure, deliverables, opportunity and the market; |
3. | Aligned with the long-term strategy, related key performance indicators and risk management discipline; |
4. | Linked robustly to the delivery of performance; |
5. | Delivering outcomes that reflect value creation and the shareholder ‘experience’; and |
6. | Structured to avoid pay for failure or the avoidance of accountability to shareholders. |
Statement of Additional Information – January 1, 2021 | B-6 |
Statement of Additional Information – January 1, 2021 | B-7 |
■ | the inability or perceived inability of a government authority to collect sufficient tax or other revenues to meet its payment obligations; |
■ | natural disasters, public health crises and ecological or environmental concerns; |
■ | the introduction of constitutional or statutory limits on a tax-exempt issuer’s ability to raise revenues or increase taxes; |
■ | the inability of an issuer to pay interest on or to repay principal or securities in which the funds invest during recessionary periods; and |
■ | economic or demographic factors that may cause a decrease in tax or other revenues for a government authority or for private operators of publicly financed facilities. |
Statement of Additional Information – January 1, 2021 | C-1 |
Statement of Additional Information – January 1, 2021 | C-2 |
Statement of Additional Information – January 1, 2021 | C-3 |
Statement of Additional Information – January 1, 2021 | C-4 |
Statement of Additional Information – January 1, 2021 | C-5 |
Statement of Additional Information – January 1, 2021 | C-6 |
Statement of Additional Information – January 1, 2021 | C-7 |
Statement of Additional Information – January 1, 2021 | C-8 |
Statement of Additional Information – January 1, 2021 | C-9 |
Statement of Additional Information – January 1, 2021 | C-10 |
Statement of Additional Information – January 1, 2021 | C-11 |
Statement of Additional Information – January 1, 2021 | C-12 |
Statement of Additional Information – January 1, 2021 | C-13 |
Statement of Additional Information – January 1, 2021 | D-1 |
Statement of Additional Information – January 1, 2021 | D-2 |
■ | Current or retired fund Board members, officers or employees of the funds or Columbia Management or its affiliates(b); |
■ | Current or retired Ameriprise Financial Services, LLC (Ameriprise Financial Services) financial advisors and employees of such financial advisors(b); |
■ | Registered representatives and other employees of affiliated or unaffiliated financial intermediaries (and their immediate family members and related trusts or other entities owned by the foregoing) having a selling agreement with the Distributor(b); |
■ | Registered broker-dealer firms that have entered into a dealer agreement with the Distributor may buy Class A shares without paying a front-end sales charge for their investment account only; |
■ | Portfolio managers employed by subadvisers of the funds(b); |
■ | Partners and employees of outside legal counsel to the funds or to the funds’ directors or trustees who regularly provide advice and services to the funds, or to their directors or trustees; |
■ | Direct rollovers (i.e., rollovers of fund shares and not reinvestments of redemption proceeds) from qualified employee benefit plans, provided that the rollover involves a transfer to Class A shares in the same fund; |
■ | Employees or partners of Columbia Wanger Asset Management, LLC; |
■ | Separate accounts established and maintained by an insurance company which are exempt from registration under Section 3(c)(11); |
■ | At a fund’s discretion, front-end sales charges may be waived for shares issued in plans of reorganization, such as mergers, asset acquisitions and exchange offers, to which the fund is a party; |
■ | Purchases by registered representatives and employees (and their immediate family members and related trusts or other entities owned by the foregoing (referred to as “Related Persons”)) of Ameriprise Financial Services and its affiliates; provided that with respect to employees (and their Related Persons) of an affiliate of Ameriprise Financial, such persons must make purchases through an account held at Ameriprise Financial or its affiliates. |
■ | Through or under a wrap fee product or other investment product sponsored by a financial intermediary that charges an account management fee or other managed agency/asset allocation accounts or programs involving fee-based compensation arrangements that have or that clear trades through a financial intermediary that has a selling agreement with the Distributor; |
■ | Through state sponsored college savings plans established under Section 529 of the Internal Revenue Code; |
■ | Through banks, trust companies and thrift institutions, acting as fiduciaries; or |
Statement of Additional Information – January 1, 2021 | S-1 |
■ | Through “employee benefit plans” created under Section 401(a), 401(k), 457 and 403(b), and qualified deferred compensation plans, that have a plan level or omnibus account maintained with the Fund or the Transfer Agent and transact directly with the Fund or the Transfer Agent through a third-party administrator or third-party recordkeeper. This waiver does not apply to accounts held through commissionable brokerage platforms. |
* | Any shareholder with a Direct-at-Fund account (i.e., shares held directly with the Fund through the Transfer Agent) that is eligible to purchase shares without a front-end sales charge by virtue of having qualified for a previous waiver may continue to purchase shares without a front-end sales charge if they no longer qualify under a category described in the prospectus or in this section. Otherwise, you must qualify for a front-end sales charge waiver described in the prospectus or in this section. |
(a) | The Funds no longer accept investments from new or existing investors in Class E shares, except by existing Class E and former Class F shareholders who opened and funded their account prior to September 22, 2006 that may continue to invest in Class E shares (Class F shares automatically converted to Class E shares on July 17, 2017). See the prospectus offering Class E shares of Large Cap Growth Fund (a series of CFST I) for details. |
(b) | Including their spouses or domestic partners, children or step-children, parents, step-parents or legal guardians, and their spouse’s or domestic partner’s parents, step-parents, or legal guardians. |
■ | In the event of the shareholder’s death; |
■ | For which no sales commission or transaction fee was paid to an authorized financial intermediary at the time of purchase; |
■ | Purchased through reinvestment of dividend and capital gain distributions; |
■ | That result from required minimum distributions taken from retirement accounts upon the shareholder’s attainment of the qualified age based on applicable IRS regulations; |
■ | That result from returns of excess contributions made to retirement plans or individual retirement accounts, so long as the financial intermediary returns the applicable portion of any commission paid by the Distributor; |
■ | For Class A shares: initially purchased by an employee benefit plan; |
■ | For Class C, Class E, and Class V shares: initially purchased by an employee benefit plan that are not connected with a plan level termination; |
■ | In connection with the fund’s Small Account Policy (as described in the prospectus); and |
■ | Issued in connection with plans of reorganization, including but not limited to mergers, asset acquisitions and exchange offers, to which the fund is a party and at the fund’s discretion. |
■ | Any client of Bank of America or one of its subsidiaries buying shares through an asset management company, trust, fiduciary, retirement plan administration or similar arrangement with Bank of America or the subsidiary. |
■ | Any employee (or family member of an employee) of Bank of America or one of its subsidiaries. |
■ | Any investor buying shares through a Columbia Management state tuition plan organized under Section 529 of the Internal Revenue Code. |
■ | Any trustee or director (or family member of a trustee or director) of a fund distributed by the Distributor. |
■ | Other than for the Multi-Manager Strategies Funds, any shareholder (as well as any family member of a shareholder or person listed on an account registration for any account of the shareholder) who holds Class Inst shares of a fund distributed by the Distributor is eligible to purchase Class Inst shares of other funds distributed by the Distributor, subject to a minimum initial investment of $2,000 ($1,000 for IRAs). If the account in which the shareholder holds Class Inst shares is not eligible to purchase additional Class Inst shares, the shareholder may purchase Class Inst shares in an account maintained directly with the Transfer Agent, subject to a minimum initial investment of $2,000 ($1,000 for IRAs). |
Statement of Additional Information – January 1, 2021 | S-2 |
Statement of Additional Information – January 1, 2021 | S-3 |
Exhibit
Number |
Exhibit Description |
Filed Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File No.
of Such Registrant |
Type of
Filing |
Exhibit of
Document in that Filing |
Filing
Date |
|||
(a)(1) | Agreement and Declaration of Trust effective January 20, 2006 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Registration Statement | (a) | 2/8/2006 |
(a)(2) | Amendment No. 1 to the Agreement and Declaration of Trust, dated September 11, 2007 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #5 on Form N-1A | (a)(2) | 10/2/2007 |
(a)(3) | Amendment No. 2 to the Agreement and Declaration of Trust, dated January 8, 2009 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #8 on Form N-1A | (a)(3) | 1/27/2009 |
(a)(4) | Amendment No. 3 to the Agreement and Declaration of Trust, dated August 9, 2010 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #19 on Form N-1A | (a)(4) | 3/4/2011 |
(a)(5) | Amendment No. 4 to the Agreement and Declaration of Trust, dated January 13, 2011 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #19 on Form N-1A | (a)(5) | 3/4/2011 |
(a)(6) | Amendment No. 5 to the Agreement and Declaration of Trust, dated April 14, 2011 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #33 on Form N-1A | (a)(6) | 7/29/2011 |
(a)(7) | Amendment No. 6 to the Agreement and Declaration of Trust, dated January 12, 2012 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #52 on Form N-1A | (a)(7) | 2/24/2012 |
(a)(8) | Amendment No. 7 to the Agreement and Declaration of Trust, dated December 12, 2012 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #87 on Form N-1A | (a)(8) | 5/30/2013 |
(a)(9) | Amendment No. 8 to the Agreement and Declaration of Trust, dated November 20, 2013 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #99 on Form N-1A | (a)(9) | 11/27/2013 |
(a)(10) | Amendment No. 9 to the Agreement and Declaration of Trust, dated April 11, 2014 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #107 on Form N-1A | (a)(10) | 4/23/2014 |
(a)(11) | Amendment No. 10 to the Agreement and Declaration of Trust, dated June 17, 2014 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #112 on Form N-1A | (a)(11) | 6/27/2014 |
(a)(12) | Amendment No. 11 to the Agreement and Declaration of Trust, dated September 15, 2014 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #118 on Form N-1A | (a)(12) | 9/26/2014 |
(a)(13) | Amendment No. 12 to the Agreement and Declaration of Trust, dated January 28, 2015 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #125 on Form N-1A | (a)(13) | 2/27/2015 |
(a)(14) | Amendment No. 13 to the Agreement and Declaration of Trust, dated April 14, 2015 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #128 on Form N-1A | (a)(14) | 5/28/2015 |
(a)(15) | Amendment No. 14 to the Agreement and Declaration of Trust, dated December 15, 2015 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #139 on Form N-1A | (a)(15) | 12/21/2015 |
(a)(16) | Amendment No. 15 to the Agreement and Declaration of Trust, dated April 19, 2016 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #143 on Form N-1A | (a)(16) | 5/27/2016 |
(a)(17) | Amendment No. 16 to the Agreement and Declaration of Trust, dated June 14, 2016 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #145 on Form N-1A | (a)(17) | 6/27/2016 |
Exhibit
Number |
Exhibit Description |
Filed Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File No.
of Such Registrant |
Type of
Filing |
Exhibit of
Document in that Filing |
Filing
Date |
|||
(a)(18) | Amendment No. 17 to the Agreement and Declaration of Trust, dated November 14, 2016 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #154 on Form N-1A | (a)(18) | 11/23/2016 |
(a)(19) | Amendment No. 18 to the Agreement and Declaration of Trust, dated March 13, 2017 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #160 on Form N-1A | (a)(19) | 3/30/2017 |
(a)(20) | Amendment No. 19 to the Agreement and Declaration of Trust, dated December 19, 2017 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #175 on Form N-1A | (a)(20) | 2/16/2018 |
(a)(21) | Amendment No. 20 to the Agreement and Declaration of Trust, dated February 1, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #175 on Form N-1A | (a)(21) | 2/16/2018 |
(a)(22) | Amendment No. 21 to the Agreement and Declaration of Trust, dated March 13, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #179 on Form N-1A | (a)(22) | 5/25/2018 |
(a)(23) | Amendment No. 22 to the Agreement and Declaration of Trust, dated September 13, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #186 on Form N-1A | (a)(23) | 9/27/2018 |
(a)(24) | Amendment No. 23 to the Agreement and Declaration of Trust, dated November 14, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #188 on Form N-1A | (a)(24) | 11/27/2018 |
(a)(25) | Amendment No. 24 to the Agreement and Declaration of Trust, dated January 30, 2019 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #192 on Form N-1A | (a)(25) | 2/27/2019 |
(a)(26) | Amendment No. 25 to the Agreement and Declaration of Trust, dated October 9, 2020 | Filed Herewith | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #217 on Form N-1A | (a)(26) | 12/23/2020 |
(b) | By-laws as amended October 2, 2020 | Filed Herewith | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #217 on Form N-1A | (b) | 12/23/2020 |
(c) |
Stock Certificate:
Not Applicable |
||||||
(d)(1) | Management Agreement (amended and restated), dated April 25, 2016, between Columbia Management Investment Advisers, LLC, Registrant, Columbia Funds Series Trust and Columbia Funds Variable Series Trust II | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #50 on Form N-1A | (d)(1) | 4/28/2016 |
(d)(1)(i) | Schedule A and Schedule B, effective July 8, 2020, to the Management Agreement (amended and restated), dated April 25, 2016, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust and Columbia Funds Variable Series Trust II | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (d)(1)(i) | 7/28/2020 |
(d)(2) | Management Agreement, dated November 15, 2017, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust and Columbia Funds Series Trust II | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #59 on Form N-1A | (d)(2) | 12/19/2017 |
Exhibit
Number |
Exhibit Description |
Filed Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File No.
of Such Registrant |
Type of
Filing |
Exhibit of
Document in that Filing |
Filing
Date |
|||
(h)(5) | Agreement and Plan of Reorganization, dated October 9, 2012 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #87 on Form N-1A | (h)(6) | 5/30/2013 |
(h)(6) | Agreement and Plan of Reorganization, dated December 17, 2015 | Incorporated by Reference | Columbia Funds Series Trust | 333-208706 | Registration Statement on Form N-14 | (4) | 12/22/2015 |
(h)(7) | Agreement and Plan of Reorganization, dated February 20, 2020 | Incorporated by Reference | Columbia Funds Series Trust II | 333-236646 | Registration Statement on Form N-14 | (4) | 2/26/2020 |
(h)(8) | Amended and Restated Credit Agreement, as of December 1, 2020 | Filed Herewith | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #217 on Form N-1A | (h)(8) | 12/23/2020 |
(h)(9) | Master Inter-Fund Lending Agreement, dated May 1, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Registration Statement on Form N-1A | (h)(11) | 5/25/2018 |
(h)(9)(i) | Schedule A and Schedule B, effective June 17, 2020, to the Master Inter-Fund Lending Agreement dated May 1, 2018 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (h)(8)(i) | 7/28/2020 |
(i)(1) | Opinion and consent of counsel as to the legality of the securities being registered | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #92 on Form N-1A | (i) | 8/28/2013 |
(i)(2) | Opinion and consent of counsel as to the legality of the securities being registered for Columbia Mortgage Opportunities Fund | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #107 on Form N-1A | (i) | 4/23/2014 |
(i)(3) | Opinion and consent of counsel as to the legality of the securities being registered for Columbia Overseas Core Fund | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #175 on Form N-1A | (i)(3) | 2/16/2018 |
(j) | Consent of Independent Registered Public Accounting Firm | Filed Herewith | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #217 on Form N-1A | (j) | 12/23/2020 |
(k) | Omitted Financial Statements: Not Applicable | ||||||
(l) | Initial Capital Agreement: Not Applicable. | ||||||
(m)(1) | Plan of Distribution and Amended and Restated Agreement of Distribution between Columbia Management Investment Distributors, Inc. and the Registrant, dated November 7, 2008, amended and restated September 27, 2010 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #107 on Form N-1A | (m)(1) | 4/23/2014 |
(m)(1)(i) | Schedule A, dated June 17, 2020, to the Plan of Distribution and Amended and Restated Agreement of Distribution between Columbia Management Investment Distributors, Inc. and the Registrant, dated November 7, 2008, amended and restated September 27, 2010 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #215 on Form N-1A | (m)(1)(i) | 9/25/2020 |
(m)(2) | Shareholder Services Plan (Class V (formerly known as Class T) Shares) | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #166 on Form N-1A | (m)(3) | 8/25/2017 |
Exhibit
Number |
Exhibit Description |
Filed Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File No.
of Such Registrant |
Type of
Filing |
Exhibit of
Document in that Filing |
Filing
Date |
|||
(m)(3) | Shareholder Servicing Plan Implementation Agreement (Class V (formerly known as Class T) Shares) | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #181 on Form N-1A | (m)(3) | 6/27/2018 |
(m)(3)(i) | Schedule I, effective December 1, 2014, amended and restated June 21, 2017, to Shareholder Servicing Plan Implementation Agreement (Class V (formerly known as Class T) Shares) | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #166 on Form N-1A | (m)(5) | 8/25/2017 |
(n) | Rule 18f – 3 Multi-Class Plan, amended and restated as of July 10, 2020 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #215 on Form N-1A | (n) | 9/25/2020 |
(o) | Reserved. | ||||||
(p)(1) | Code of Ethics adopted under Rule 17j-1 for Registrant, effective March 2019 | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #68 on Form N-1A | (p)(1) | 4/26/2019 |
(p)(2) | Columbia Threadneedle Investments Global Personal Account Dealing and Code of Ethics, effective December 2019 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #209 on Form N-1A | (p)(2) | 2/27/2020 |
(p)(3) | Diamond Hill Capital Management, Inc. Code of Ethics, amended February 28, 2020 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #211 on Form N-1A | (p)(3) | 5/27/2020 |
(p)(4) | Dimensional Fund Advisors LP Code of Ethics, effective January, 2020 | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #71 on Form N-1A | (p)(8) | 4/28/2020 |
(q)(1) | Trustees’ Power of Attorney to sign Amendments to this Registration Statement, dated January 1, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #175 on Form N-1A | (q)(1) | 2/16/2018 |
(q)(2) | Power of Attorney for Michael G. Clarke, dated May 23, 2016 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #143 on Form N-1A | (q)(2) | 5/27/2016 |
(q)(3) | Power of Attorney for Christopher O. Petersen, dated February 16, 2015 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #125 on Form N-1A | (q)(4) | 2/27/2015 |
(q)(4) | Power of Attorney for Joseph Beranek, dated January 3, 2020 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #208 on Form N-1A | (q)(4) | 1/10/2020 |
(a) | Columbia Management, a wholly owned subsidiary of Ameriprise Financial, Inc., performs investment advisory services for the Registrant and certain other clients. Information regarding the business of Columbia Management and the directors and principal officers of Columbia Management is also included in the Form ADV filed by Columbia Management with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-25943), which information is incorporated herein by reference. In addition to their position with Columbia Management, certain directors and officers of Columbia Management also hold various positions with, and engage in business for, Ameriprise Financial, Inc. or its other subsidiaries. |
(b) | Diamond Hill Capital Management, Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of Diamond Hill Capital Management, Inc. is set forth in the Prospectuses and Statement of Additional Information of the Registrant’s series that are subadvised by Diamond Hill Capital Management, Inc. and is incorporated herein by reference. Information about the business of Diamond Hill Capital Management, Inc. and the directors and principal executive officers of Diamond Hill Capital Management, Inc. is also included in the Form ADV filed by Diamond Hill Capital Management, Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-32176), which information is incorporated herein by reference. |
(c) | Dimensional Fund Advisors, L.P. performs investment management services for the Registrant and certain other clients. Information regarding the business of Dimensional Fund Advisors, L.P. is set forth in the Prospectuses and Statement of Additional Information of the Registrant’s series that are subadvised by Dimensional Fund Advisors, L.P. and is |
incorporated herein by reference. Information about the business of Dimensional Fund Advisors, L.P. and the directors and principal executive officers of Dimensional Fund Advisors, L.P. is also included in the Form ADV filed by Dimensional Fund Advisors, L.P. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-16283), which information is incorporated herein by reference. |
(d) | Threadneedle International Limited performs investment management services for the Registrant and certain other clients. Information regarding the business of Threadneedle International Limited is set forth in the Prospectuses and Statement of Additional Information of the Registrant’s series that are subadvised by Threadneedle International Limited and is incorporated herein by reference. Information about the business of Threadneedle International Limited and the directors and principal executive officers of Threadneedle International Limited is also included in the Form ADV filed by Threadneedle International Limited with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-63196), which information is incorporated herein by reference. |
(a) | Columbia Management Investment Distributors, Inc. acts as principal underwriter for the following investment companies, including the Registrant: |
Columbia Acorn Trust; Columbia Funds Series Trust; Columbia Funds Series Trust I; Columbia Funds Series Trust II; Columbia Funds Variable Series Trust II; Columbia Funds Variable Insurance Trust and Wanger Advisors Trust. |
(b) | As to each director, principal officer or partner of Columbia Management Investment Distributors, Inc. |
Name and
Principal Business Address* |
Position and Offices
with Principal Underwriter |
Positions and Offices with Registrant | ||
William F. Truscott | Chief Executive Officer and Director | Board Member, Senior Vice President | ||
Scott E. Couto | President and Director | None | ||
Michael S. Mattox | Chief Financial Officer | None | ||
Michael E. DeFao | Vice President, Chief Legal Officer and Assistant Secretary | Vice President and Assistant Secretary | ||
Stephen O. Buff | Vice President, Chief Compliance Officer | None | ||
James Bumpus | Vice President – National Sales Manager | None | ||
Thomas A. Jones | Vice President and Head of Strategic Relations | None | ||
Gary Rawdon | Vice President – Sales Governance and Administration | None | ||
Leslie A. Walstrom | Vice President and Head of North America Marketing | None | ||
Daniel J. Beckman | Vice President and Head of North America Product and Director | None | ||
Marc Zeitoun | Chief Operating Officer, North American Distribution | None | ||
Thomas R. Moore | Secretary | None | ||
Paul B. Goucher | Vice President and Assistant Secretary | Senior Vice President and Assistant Secretary | ||
Amy L. Hackbarth | Vice President and Assistant Secretary | None | ||
Mark D. Kaplan | Vice President and Assistant Secretary | None | ||
Nancy W. LeDonne | Vice President and Assistant Secretary | None | ||
Ryan C. Larrenaga | Vice President and Assistant Secretary | Senior Vice President, Chief Legal Officer and Secretary | ||
Joseph L. D’Alessandro | Vice President and Assistant Secretary | Assistant Secretary | ||
Christopher O. Petersen | Vice President and Assistant Secretary |
President and
Principal Executive Officer |
||
Shweta J. Jhanji | Vice President and Treasurer | None | ||
Michael Tempesta | Anti-Money Laundering Officer and Identity Theft Prevention Officer | None | ||
Kevin Wasp | Ombudsman | None | ||
Kristin Weisser | Conflicts Officer | None |
* | The principal business address of Columbia Management Investment Distributors, Inc. is 225 Franklin Street, Boston, MA 02110. |
(c) | Not Applicable. |
■ | Registrant, 225 Franklin Street, Boston, MA, 02110; |
■ | Registrant’s investment adviser and administrator, Columbia Management Investment Advisers, LLC, 225 Franklin Street, Boston, MA 02110; |
■ | Registrant’s subadviser, Diamond Hill Capital Management, Inc., 325 John H. McConnell Boulevard, Suite 200, Columbus, OH 43215; |
■ | Registrant’s subadviser, Dimensional Fund Advisors, L.P., 6300 Bee Cave Road, Building One, Austin, TX 78746; |
■ | Registrant’s subadviser, Threadneedle International Limited, Cannon Place, 78 Cannon Street, London EC4N 6AG, UK; |
■ | Former subadviser, Barrow, Hanley, Mewhinney & Strauss, LLC, 2200 Ross Avenue, 31st Floor, Dallas, TX 75201; |
■ | Former subadviser, Donald Smith & Co., Inc., 152 West 57th Street, 22nd Floor, New York, NY 10019; |
■ | Former subadviser, Marsico Capital Management, LLC, 1200 17th Street, Suite 1700, Denver, CO 80202; |
■ | Former subadviser, Metropolitan West Capital Management, LLC, 610 Newport Center Drive, Suite 1000, Newport Beach, CA 92660 (merged into Wells Capital Management Incorporated, 525 Market Street, 12th Floor, San Francisco, CA 94105); |
■ | Former subadviser, Segall Bryant & Hamill, LLC, 540 West Madison Street, Suite 1900, Chicago, IL 60661-2551; |
■ | Former subadviser, Turner Investments, L.P., 1205 Westlakes Drive, Suite 100, Berwyn, PA 19312 (merged into Turner Investments LLC, 1000 Chesterbrook Boulevard, 1st Floor, Berwyn, PA 19312); |
■ | Registrant’s principal underwriter, Columbia Management Investment Distributors, Inc., 225 Franklin Street, Boston, MA 02110; |
■ | Registrant’s transfer agent, Columbia Management Investment Services Corp., 225 Franklin Street, Boston, MA 02110; |
■ | Registrant’s sub-transfer agent, DST Asset Manager Solutions, Inc., 2000 Crown Colony Dr., Quincy, MA 02169; and |
■ | Registrant’s custodian, JPMorgan Chase Bank, N.A., 1 Chase Manhattan Plaza, New York, NY 10005. |
COLUMBIA FUNDS SERIES TRUST II | |
By: | /s/ Christopher O. Petersen |
Christopher O. Petersen
President |
Signature | Capacity | Signature | Capacity |
/s/ Christopher O. Petersen |
President
(Principal Executive Officer) |
/s/ Patricia M. Flynn* | Trustee |
Christopher O. Petersen | Patricia M. Flynn | ||
/s/ Michael G. Clarke* |
Chief Financial Officer,
Principal Financial Officer and Senior Vice President |
/s/ Brian J. Gallagher* | Trustee |
Michael G. Clarke | Brian J. Gallagher | ||
/s/ Joseph Beranek* |
Treasurer, Chief
Accounting Officer (Principal Accounting Officer) and Principal Financial Officer |
/s/ Anthony M. Santomero* | Trustee |
Joseph Beranek | Anthony M. Santomero | ||
/s/ Catherine James Paglia* | Chair of the Board | /s/ Minor M. Shaw* | Trustee |
Catherine James Paglia | Minor M. Shaw | ||
/s/ George S. Batejan* | Trustee | /s/ William F. Truscott* | Trustee |
George S. Batejan | William F. Truscott | ||
/s/ Kathleen A. Blatz* | Trustee | /s/ Sandra Yeager* | Trustee |
Kathleen A. Blatz | Sandra Yeager | ||
/s/ Pamela G. Carlton* | Trustee | ||
Pamela G. Carlton |
* |
By:
Name: |
/s/ Joseph D’Alessandro | |
Joseph D’Alessandro**
Attorney-in-fact |
|||
** | Executed by Joseph D’Alessandro on behalf of Michael G. Clarke pursuant to a Power of Attorney, dated May 23, 2016, and incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(2)), filed with the Commission on May 27, 2016, on behalf of Joseph Beranek pursuant to a Power of Attorney, dated January 3, 2020, and incorporated by reference to Post-Effective Amendment No. 208 to Registration Statement No 333-131683 of the Registrant on Form N-1A (Exhibit (q)(4)), filed with the Commission on January 10, 2020 and on behalf of each of the Trustees pursuant to a Trustees’ Power of Attorney, dated January 1, 2018 and incorporated by reference to Post-Effective Amendment No. 175 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(1)), filed with the Commission on February 16, 2018. |
(a)(26) | Amendment No. 25 to the Agreement and Declaration of Trust, dated October 9, 2020 |
(b) | By-laws as amended October 2, 2020 |
(h)(8) | Amended and Restated Credit Agreement, as of December 1, 2020 |
(j) | Consent of Independent Registered Public Accounting Firm |
Exhibit No. | Description |
EX-101.INS | XBRL Instance Document |
EX-101.SCH | XBRL Taxonomy Extension Schema Document |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
COLUMBIA FUNDS SERIES TRUST II
AMENDMENT NO. 25 TO THE
AGREEMENT AND DECLARATION OF TRUST
WHEREAS, Section 5 of Article III of the Agreement and Declaration of Trust (the Declaration of Trust) of Columbia Funds Series Trust II (the Trust), dated January 20, 2006, as amended from time to time, a copy of which is on file in the Office of the Secretary of The Commonwealth of Massachusetts, authorizes the Trustees of the Trust to amend the Declaration of Trust to create one or more Series or classes of Shares without authorization by vote of the Shareholders of the Trust;
WHEREAS, Section 6 of Article III of the Declaration of Trust authorizes the Trustees of the Trust to abolish and rescind the establishment and designation of Series or Class, either by amending the Declaration of Trust or by vote or written consent of a majority of the then Trustees;
WHEREAS, Section 8 of Article VIII of the Declaration of Trust authorizes the Trustees of the Trust to amend the Declaration of Trust at any time by an instrument in writing signed by a majority of the then Trustees, provided notice of such amendment (other than certain ministerial or clerical amendments) is transmitted promptly to Shareholders of record at the close of business on the effective date of such amendment; and
NOW, THEREFORE, The undersigned, being at least a majority of the Trustees of the Trust, do hereby certify that we have authorized the liquidation of Columbia Contrarian Asia Pacific Fund and Columbia Inflation Protected Securities Fund, the reorganization of Columbia Contrarian Europe Fund, Columbia Global Infrastructure Fund and Columbia Small/Mid Cap Value Fund into other registered investment companies and we have authorized the amendment to said Declaration of Trust as set forth below, effective October 9, 2020:
1. The Declaration of Trust is hereby amended by adding the following article at the end of the Declaration of Trust:
Article IX
Supplemental Governance Provisions
Notwithstanding any provision to the contrary in this Declaration of Trust or in the Bylaws,
(a) |
Through December 31, 2021, unless this Declaration of Trust or applicable law requires a higher percentage vote, the affirmative vote of at least 66 2/3% of the Trustees then in office shall be required for appointment or removal of the chair or any co-chair of any committee of the Trustees; |
(b) |
Through December 1, 2022, unless this Declaration of Trust or applicable law requires a higher percentage vote, the affirmative vote of at least 66 2/3% of the Trustees then in office shall be required for: |
(1) |
Creation or elimination of any committee of the Trustees; |
(2) |
Adoption, rescission or any material modification of the charter of any committee of the Trustees; or |
(3) |
Appointment or removal of any member of any committee of the Trustees. |
(c) |
Provided that both Catherine James Paglia and Douglas A. Hacker are then Trustees, from January 1, 2021 through December 31, 2022, Catherine James Paglia and Douglas A. Hacker shall serve as the two co-chairs of the Trustees, provided that, (A) if at any time Hacker shall cease to serve as co-chair, his successor as co-chair shall be designated by vote of a majority of the Trustees then in office who were serving as trustees of Columbia Funds Variable Insurance Trust on August 1, 2020, and (B) if at any time Paglia shall cease to serve as co-chair, her successor as co-chair shall be designated by vote of a majority of the Trustees then in office who were serving as Trustees of Columbia Funds Series Trust on August 1, 2020; and |
(d) |
Unless this Declaration of Trust or applicable law requires a higher percentage, the provisions of this Article IX may be amended only by the affirmative vote of at least 66 2/3% of the Trustees then in office. |
2. Section 1 of Article IV is hereby amended by replacing the text therein with the following:
The number of Trustees constituting the Board shall be as fixed from time to time by a written instrument signed, or by resolution approved at a duly constituted meeting, by at least 66 2/3% of the Trustees. Subject to any retirement policy adopted by the Trustees, each Trustee shall hold office until his or her successor is elected or the Trust terminates, except that (a) any Trustee may resign by delivering to the other Trustees or to any Trust officer a written resignation effective upon delivery or a later date specified therein; (b) any Trustee may be removed with or without cause at any time by a written instrument signed by at least 66 2/3% of the other Trustees, specifying the effective date of removal; and (c) if required by Section 16(c) of the 1940 Act, any Trustee may be removed at any meeting of the Shareholders by a vote of at least 66 2/3% of the outstanding Shares. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following his or her resignation or removal, or any right to damages on account of such removal. Notwithstanding any provision to the contrary contained in this Declaration of Trust, this Section 1 may not be amended to reduce the percentage vote required to change the number of Trustees or to remove a Trustee without the approval of at least 66 2/3% of the Trustees.
3. Section 2 of Article V is hereby amended by replacing the third sentence thereof with the following:
A meeting of Shareholders may be held at any place (or virtually by telephonic or any electronic means) designated by the Trustees.
4. Section 6 of Article III is hereby amended by replacing the text preceding paragraph (a) with the following:
Without limiting the authority of the Trustees as set forth in Section 5 and Section 6, inter alia, to establish and designate any further Series or classes or to modify the rights and preferences of any Series or class, the following Series shall be, and are hereby, established and designated:
Columbia Capital Allocation Aggressive Portfolio
Columbia Capital Allocation Conservative Portfolio
Columbia Capital Allocation Moderate Portfolio
Columbia Commodity Strategy Fund
Columbia Disciplined Core Fund
Columbia Disciplined Growth Fund
Columbia Disciplined Value Fund
Columbia Dividend Opportunity Fund
Columbia Emerging Markets Bond Fund
Columbia Flexible Capital Income Fund
Columbia Floating Rate Fund
Columbia Global Equity Value Fund
Columbia Global Opportunities Fund
Columbia Government Money Market Fund
Columbia High Yield Bond Fund
Columbia Income Builder Fund
Columbia Income Opportunities Fund
Columbia Large Cap Value Fund
Columbia Limited Duration Credit Fund
Columbia Minnesota Tax-Exempt Fund
Columbia Mortgage Opportunities Fund
Columbia Overseas Core Fund
Columbia Quality Income Fund
Columbia Select Global Equity Fund
Columbia Select Large Cap Value Fund
Columbia Select Small Cap Value Fund
Columbia Seligman Communications and Information Fund
Columbia Seligman Global Technology Fund
Columbia Short-Term Cash Fund
Columbia Strategic Municipal Income Fund
Multi-Manager Value Strategies Fund
Shares of each Series established in this Section 6 shall have the following rights and preferences relative to Shares of each other Series, and Shares of each class of a Multi-Class Series shall have such rights and preferences relative to other classes of the same Series as are set forth in the Declaration of Trust, together with such other rights and preferences relative to such other classes as are set forth in the Trusts Rule 18f-3 Plan, registration statement as from time to time amended, and any applicable resolutions of the Trustees establishing and designating such class of Shares.
The rest of the Declaration of Trust remains unchanged.
The foregoing amendment is effective as of October 9, 2020.
[The remainder of this page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has signed this Amendment No. 25 to the Declaration of Trust.
/s/ George S. Batejan |
|
|||||||
George S. Batejan | Catherine James Paglia | |||||||
Date: | October 2, 2020 | Date: |
|
|||||
/s/ Kathleen A. Blatz |
/s/ Anthony M. Santomero |
|||||||
Kathleen A. Blatz | Anthony M. Santomero | |||||||
Date: | October 4, 2020 | Date: | October 3, 2020 | |||||
/s/ Pamela G. Carlton |
/s/ Minor M. Shaw |
|||||||
Pamela G. Carlton | Minor M. Shaw | |||||||
Date: | October 2, 2020 | Date: | October 5, 2020 | |||||
/s/ Patricia M. Flynn |
/s/ William F. Truscott |
|||||||
Patricia M. Flynn | William F. Truscott | |||||||
Date: | October 5, 2020 | Date: |
|
|||||
/s/ Brian J. Gallagher |
/s/ Sandra Yeager |
|||||||
Brian J. Gallagher | Sandra Yeager | |||||||
Date: | October 4, 2020 | Date: | October 5, 2020 |
Registered Agent: |
Corporation Service Company 84 State Street Boston, MA 02109 |
Effective: January 27, 2006
Amended: April 13, 2006; March 7, 2011 (Trust Name Change); November 17, 2015, February 10, 2016, March 17, 2020, October 2, 2020
BYLAWS
OF
COLUMBIA FUNDS SERIES TRUST II
These ARTICLES are the BYLAWS of Columbia Funds Series Trust II, a trust with transferable shares established under the laws of The Commonwealth of Massachusetts (the Trust), pursuant to an Agreement and Declaration of Trust of the Trust (the Declaration) made the 27th day of January, 2006 and amended April 13, 2006, and filed in the office of the Secretary of the Commonwealth. These Bylaws have been adopted by the Trustees pursuant to the authority granted by Section 3.1 of the Declaration.
All words and terms capitalized in these Bylaws, unless otherwise defined herein, shall have the same meanings as they have in the Declaration.
ARTICLE I
SHAREHOLDERS AND SHAREHOLDERS MEETINGS
SECTION 1.1 Meetings. A meeting of the Shareholders of the Trust shall be held whenever called by the Trustees and whenever election of a Trustee or Trustees by Shareholders is required by the provisions of the 1940 Act. If a meeting of Shareholders has not been held during the immediately preceding fifteen (15) months for the purpose of electing Trustees, a Shareholder or Shareholders holding three percent (3%) or more of the voting power of all Shares entitled to vote may demand a meeting of Shareholders for the purpose of electing Trustees by written notice of demand given to the Trustees. Within thirty (30) days after receipt of such demand, the Trustees shall call and give notice of a meeting of Shareholders for the purpose of electing Trustees. If the Trustees shall fail to call such meeting or give notice thereof, then the Shareholder or Shareholders making the demand may call and give notice of such meeting at the expense of the Trust. The Trustees shall promptly call and give notice of a meeting of Shareholders for the purpose of voting upon removal of any Trustee of the Trust when requested to do so in writing by Shareholders holding not less than ten percent (10%) of the Shares then outstanding. If the Trustees shall fail to call or give notice of any meeting of Shareholders for a period of thirty (30) days after written application by Shareholders holding at least ten percent (10%) of the Shares then outstanding requesting that a meeting be called for any purpose requiring action by the Shareholders as provided in the Declaration or in these Bylaws, then Shareholders holding at least ten percent (10%) of the Shares then outstanding may call and give notice of such meeting. Notice of Shareholders meetings shall be given as provided in the Declaration.
SECTION 1.2 Presiding Officer: Secretary. The Chair of the Board shall preside at each Shareholders meeting or in the absence of the Chair of the Board, the Trustees present at the meeting shall elect one of their number as chairman of the meeting. The Trustees shall appoint a secretary to serve as the secretary for the meeting and to record the minutes thereof.
SECTION 1.3. Authority of Chairman of Meeting to Interpret Declaration and Bylaws. At any Shareholders meeting the chairman of the meeting shall be empowered to determine the construction or interpretation of the Declaration or these Bylaws, or any part thereof or hereof, and his rulings shall be final.
- 1 -
SECTION 1.4 Voting. Shareholders may vote by proxy and the form of any such proxy may be prescribed from time to time by the Trustees. At all meetings of the Shareholders, votes shall be taken by ballot for all matters which may be binding upon the Trustees pursuant to Section 7.1 of the Declaration. On other matters, votes of Shareholders need not be taken by ballot unless otherwise provided for by the Declaration or by vote of the Trustees, or as required by the Act or the Regulations, but the chairman of the meeting may in his discretion authorize any matter to be voted upon by ballot.
SECTION 1.5. Inspectors. At any meeting of Shareholders, the Trustees before or at the meeting may appoint one or more Inspectors of Election or Balloting to supervise the voting at such meeting or any adjournment thereof. If inspectors are not so appointed, the chairman of the meeting may, and on the request of any Shareholder present or represented and entitled to vote shall, appoint one or more Inspectors for such purpose. Each Inspector, before entering upon the discharge of his duties, shall take and sign an oath faithfully to execute the duties of Inspector of Election or Balloting, as the case may be, at such meeting with strict impartiality and according to the best of his ability. If appointed, Inspectors shall take charge of the polls and, when the vote is completed, shall make a certificate of the result of the vote taken and of such other facts as may be required by law.
SECTION 1.6. Shareholders Action in Writing. Nothing in this Article I shall limit the power of the Shareholders to take any action by means of written instruments without a meeting, as permitted by Section 7.6 of the Declaration.
ARTICLE II
TRUSTEES AND TRUSTEES MEETINGS
SECTION 2.1. Number of Trustees. There shall initially be one (1) Trustee, and the number of Trustees shall thereafter be such number, authorized by the Declaration as from time to time shall be fixed by a vote adopted by a Majority of the Trustees.
SECTION 2.2. Meetings of Trustees. An organizational meeting shall be held as soon as convenient to a Majority of the Trustees after the final adjournment of each meeting of Shareholders at which Trustees are elected, and no notice shall be required. Other regular and special meetings of the Trustees may be held at any time and at any place when called by the Chair of the Board or by any two (2) Trustees; provided, that notice of the time, place and purposes thereof is given to each Trustee in accordance with Section 2.3 hereof.
SECTION 2.3. Notice of Meetings. Notice of any regular or special meeting of the Trustees shall be sufficient if sent by mail at least five (5) days, or if given by telephone, telegraph, or in person at least one (1) day before the meeting. Notice of a meeting may be waived by any Trustee by written waiver of notice, executed by him before or after the meeting, and such waiver shall be filed with the records of the meeting. Attendance by a Trustee at a meeting shall constitute a waiver of notice, except where a Trustee attends a meeting for the purpose of protesting prior thereto or at its commencement the lack of notice.
SECTION 2.4. Chair of the Board. The Board of Trustees shall elect one independent member to serve as Chair of the Board whose duties shall include serving as the lead independent Trustee and who shall preside at each meeting of the Trustees as chairman of the meeting.
SECTION 2.5. Quorum. At any meeting of the Trustees, a Majority of the Trustees shall constitute a quorum. Any meeting may be adjourned from time to time by a majority of the votes cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned without further notice.
- 2 -
SECTION 2.6. Participation by Telephone. One or more of the Trustees may participate in a meeting thereof or of any Committee of the Trustees by means of a conference telephone or similar communications equipment allowing all persons participating in the meeting to hear each other at the same time. Participation by such means shall constitute presence in person at a meeting.
SECTION 2.7. Location of Meetings. Trustees meetings may be held at any place, within or without Massachusetts.
SECTION 2.8. Votes. Voting at Trustees meetings may be conducted orally, by show of hands, or, if requested by any Trustee, by written ballot. The results of all voting shall be recorded by the secretary of the meeting in the minute book.
SECTION 2.9. Rulings of Chairman. All other rules of conduct adopted and used at any Trustees meeting shall be determined by the chairman of such meeting, whose ruling on all procedural matters shall be final.
SECTION 2.10. Trustees Action in Writing. Nothing in this Article II shall limit the power of the Trustees to take action by means of a written instrument without a meeting, as provided in Section 4.2 of the Declaration.
SECTION 2.11. Resignations. Any Trustee may resign at any time by written instrument signed by him and delivered to the Chair of the Board or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time.
ARTICLE III
OFFICERS
SECTION 3.1. Officers of the Trust. The officers of the Trust shall consist of a President, a Treasurer and such other officers as the Trustees may designate. Any person may hold more than one office.
SECTION 3.2. Time and Terms of Election. The President and the Treasurer shall be elected by the Trustees at their first meeting and shall hold office until their successors shall have been duly elected and qualified, and may be removed at any meeting by the affirmative vote of a Majority of the Trustees. All other officers of the Trust may be elected or appointed at any meeting of the Trustees. Such officers shall hold office for any term, or indefinitely, ads determined by the Trustees, and shall be subject to removal, with or without cause, at any time by the Trustees.
SECTION 3.3. Resignation and Removal. Any officer may resign at any time by giving written notice to the Trustees. Such resignation shall take effect at the time specified therein, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. If the office of any officer or agent becomes vacant by reason of death, resignation, retirement, disqualification, removal from office or otherwise, the Trustees may choose a successor, who shall hold office for the unexpired term in respect of which such vacancy occurred. Except to the extent expressly provided in a written agreement with the Trust, no officer resigning or removed shall have any right to any compensation for any period following such resignation or removal, or any right to damage on account of such removal.
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SECTION 3.4. Fidelity Bond. The Trustees may, in their discretion, direct any officer appointed by them to furnish at the expense of the Trust a fidelity bond approved by the Trustees, in such amount as the Trustees may prescribe.
SECTION 3.5. President. The President shall have general charge of the operations of the Trust and such other powers and duties as the Trustees may prescribe.
SECTION 3.6. Treasurer. The Treasurer shall be the chief financial officer of the Trust, and shall have the custody of the Trusts funds and Securities, and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Trust and shall deposit all moneys, and other valuable effects in the name and to the credit of the Trust, in such depositories as may be designated by the Trustees, taking proper vouchers for such disbursements, and shall have such other duties and powers as may be prescribed from time to time by the Trustees.
SECTION 3.7. Execution of Deeds, etc. Except as the Trustees may generally or in particular cases otherwise authorize or direct, all deeds, leases, transfers, contracts, proposals, bonds, notes, checks, drafts and other obligations made, accepted or endorsed by the Trust shall be signed or endorsed on behalf of the Trust by the President, the Treasurer or such officers as the Trustees may designate.
SECTION 3.8. Power to Vote Securities. Unless otherwise ordered by the Trustees, the Treasurer shall have full power and authority on behalf of the Trust to give proxies for, and/or to attend and to act and to vote at, any meeting of stockholders of any corporation in which the Trust may hold stock, and at any such meeting the Treasurer or his proxy shall possess and may exercise any and all rights and powers incident to the ownership of such stock which, as the owner thereof, the Trust might have possessed and exercised if present. The Trustees, by resolution from time to time, or, in the absence thereof, the Treasurer, may confer like powers upon any other person or persons as attorneys and proxies of the Trust.
ARTICLE IV
COMMITTEES
SECTION 4.1 Power of Trustees to Designate Committees. The Trustees, by vote of a Majority of the Trustees, may elect an Executive Committee and any other Committees and may delegate thereto some or all of their powers except those which by law, by the Declaration or by these Bylaws may not be delegated; provided, that the Executive Committee shall not be empowered to elect the President or the Treasurer, to amend the Bylaws, to exercise the powers of the Trustees under this Section 4.1 or under Section 4.3 hereof, or to perform any act for which the action of a Majority of the Trustees is required by law, by the Declaration or by these Bylaws. The members of any Committee shall serve at the pleasure of the Trustees.
SECTION 4.2. Rules for Conduct of Committee Affairs: Quorum. Except as otherwise provided by the Trustees, each Committee elected or appointed pursuant to this Article IV may adopt such standing rules and regulations for the conduct of its affairs as it may deem desirable, subject to review and approval of such rules and regulations by the Trustees at the next succeeding meeting of the Trustees, but in the absence of any such action or any contrary provisions by the Trustees, the business of each Committee shall be conducted, so far as practicable, in the same manner as provided herein and in the Declaration for the Trustees. The quorum for any Committee is two (2) members regardless of the number of members serving on the Committee.
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SECTION 4.3. Trustees May Alter, Abolish, etc., Committees. The Trustees may at any time alter or abolish any Committee, change the membership of any Committee, or revoke, rescind or modify any action of any Committee or the authority of any Committee with respect to any matter or class of matters; provided, that no such action shall impair the rights of any third parties.
SECTION 4.4. Minutes: Review by Trustees. Any Committee to which the Trustees delegate any of their powers or duties may, but need not, keep records of its meetings and shall report its actions to the Trustees.
ARTICLE V
SEAL
The seal of the Trust shall bear the word Seal, but the seal shall not be necessary to be placed on, and its absence shall not impair the validity of any document, instrument or other paper executed and delivered by or on behalf of the Trust.
ARTICLE VI
SHARES
SECTION 6.1. Issuance of Shares. The Trustees may issue Shares of any or all Series either in certificated or uncertificated form, they may issue certificates to the holders of Shares of a Series which was originally issued in uncertificated form, and if they have issued Shares of any Series in Certificated form, they may at any time discontinue the issuance of Share certificates for such Series and may, by written notice to such Shareholders of such Series require the surrender of their Share certificates to the Trust for cancellation, which surrender and cancellation shall not affect the ownership of Shares for such Series.
SECTION 6.2. Uncertificated Shares. For any Series of Shares for which the Trustees issue Shares without certificates, the Trust or the Transfer Agent may either issue receipts therefor or may keep accounts upon the books of the Trust for the record holders of such Shares, who shall in either case be deemed, for all purposes hereunder, to be the holders of such Shares as if they had received certificates therefor and shall be held to have expressly assented and agreed to the terms hereof and of the Declaration.
SECTION 6.3. Share Certificates. For any Series of Shares for which the Trustees shall issue Share certificates, each Shareholder of such Series shall be entitled to a certificate stating the number of Shares owned by him in such form as shall be prescribed from time to time by the Trustees. Such certificate shall be signed by such officers and agents as shall, from time to time, be designated by the Trustees. The signatures of such officers or agents may be facsimiles. In case any officer who has signed or whose facsimile signature has been placed on such certificate shall cease to be such officer before such certificate is issued, it may be issued by the Trust with the same effect as if he were such officer at the time of its issue.
SECTION 6.4 Lost, Stolen, etc., Certificates. If any certificate for certificated Shares shall be lost, stolen, destroyed or mutilated, the Trustees may authorize the issuance of a new certificate of the same tenor and for the same number of Shares in lieu thereof. The Trustees shall require the surrender of any mutilated certificate in respect of which a new certificate is issued, and may, in their discretion, before the issuance of a new certificate, require the owner of a lost, stolen, or destroyed certificate, or the owners legal representative, to make an affidavit or affirmation setting forth such facts as to the loss, theft or destruction as they deem necessary, and to give the Trust a bond in such reasonable sum as the Trustees direct, in order to indemnify the Trust.
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SECTION 6.5 Record Transfer of Pledged Shares. A pledgee of Shares pledged as collateral security shall be entitled to a new certificate in his name as pledgee, in the case of certificated Shares, or to be registered as the holder in pledge of such Shares in the case of uncertificated Shares; provided, that the instrument of pledge substantially describes the debt or duty that is intended to be secured thereby. Any such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, and any such registration of uncertificated Shares shall be in a form which indicates that the registered holder holds such Shares in pledge. After such issue or registration, and unless and until such pledge is released, such pledgee and his successors and assigns shall alone be entitled to the rights of a Shareholder, and entitled to vote such Shares.
ARTICLE VII
CUSTODIAN
The Trust shall at all times employ a bank or trust company having a capital, surplus and undivided profits of at least Two Million Dollars ($2,000,000) as Custodian of the capital assets of the Trust. The Custodian shall be compensated for its services by the Trust upon such basis as shall be agreed upon from time to time between the Trust and the Custodian.
ARTICLE VIII
AMENDMENTS
SECTION 8.1. Bylaws Subject to Amendment. These Bylaws may be altered, amended or repealed, in whole or in part, at any time by vote of the holders of a majority of the Shares (or whenever there shall be more than one Series of Shares, of the holders of a majority of the Shares of each Series) issued, outstanding and entitled to vote. The Trustees, by vote of a Majority of the Trustees, may alter, amend or repeal these Bylaws, in whole or in part, including Bylaws adopted by the Shareholders, except with respect to any provision hereof which by law, the Declaration or these Bylaws requires action by the Shareholders; provided, that no later than the time of giving notice of the meeting of Shareholders next following the alteration, amended or repeal of these Bylaws, in whole or in part, notice thereof, stating the substance of such action shall be given to all Shareholders entitled to vote. Bylaws adopted by the Trustees may be altered, amended or repealed by the Shareholders.
SECTION 8.2. Notice of Proposal to Amend Bylaws Required. No proposal to amend or repeal these Bylaws or to adopt new Bylaws shall be acted upon at a meeting unless either (i) such proposal is stated in the notice or in the waiver of notice, as the case may be, of the meeting of the Trustees or Shareholders at which such action is taken, or (ii) all of the Trustees or Shareholders, as the case may be, are present at such meeting and all agree to consider such proposal without protesting the lack of notice.
ARTICLE IX
MISCELLANEOUS
SECTION 9.1. Fiscal Year. The fiscal year of the Trust shall begin on the first day of May in each year and end on the thirtieth day of April following.
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SECTION 9.2. Discontinuation of Sale of Shares. If the sale of Shares issued by the Trust shall at any time be discontinued, the Trustees may in their discretion, pursuant to resolution, deduct from the value of the assets of the Trust an amount equal to the brokerage commissions, transfer taxes, and charges, if any, which would be payable on the sale of Securities if they were then being sold.
SECTION 9.3. Business Day. A business day for the Trust shall be each day the New York Stock Exchange is open for business.
SECTION 9.4. Forum Selection. The state and federal courts sitting within the Commonwealth of Massachusetts shall be the sole and exclusive forums for any shareholder (including a beneficial owner of shares) to bring (i) any action or proceeding brought on behalf of the Trust, (ii) any action asserting a claim for breach of a fiduciary duty owed by any Trustee, officer or employee, if any, of the Trust to the Trust or the Trusts shareholders, (iii) any action asserting a claim against the Trust, its Trustees, officers or employees, if any, arising pursuant to any provision of the Massachusetts Business Corporation Act, the Massachusetts Uniform Trust Code, or any federal or state securities law, in each case as amended from time to time, or the Trusts Trust Instrument or bylaw; or (iv) any action asserting a claim against the Trust, its Trustees, officers or employees, if any, governed by the internal affairs doctrine. If any provision or provisions of this Section shall be held to be invalid, illegal or unenforceable as applied to any person or entity or circumstance for any reason whatsoever, then, to the fullest extent permitted by law, the validity, legality and enforceability of such provisions in any other circumstance and of the remaining provisions of this Section (including, without limitation, each portion of any sentence of this Section containing any such provision held to be invalid, illegal or unenforceable that is not itself held to be invalid, illegal or unenforceable), and the application of such provision to other persons or entities and circumstances, shall not in any way be affected or impaired thereby.
SECTION 9.5 Claims.
a. |
Direct Claims. As used herein, a direct shareholder claim shall refer to (i) a claim based upon alleged violations of a shareholders individual rights independent of any harm to the Trust, including a shareholders voting rights under Article I, rights to receive a dividend payment as may be declared from time to time, rights to inspect books and records, or other similar rights personal to the shareholder and independent of any harm to the Trust; and (ii) a claim for which an action is provided under the federal securities laws or by state statute. Any other claim asserted by a shareholder, including without limitation any claims purporting to be brought on behalf of the Trust or involving any alleged harm to the Trust, shall be considered a derivative claim as used herein. No shareholder shall have the right to bring or maintain a court action or other proceeding asserting a direct claim against the Trust, the Trustees or officers, if it is a derivative claim per this paragraph a. |
b. |
Derivative Claims. No shareholder shall have the right to bring or maintain any court action or other proceeding asserting a derivative claim or any claim asserted on behalf of the Trust or involving any alleged harm to the Trust without first making demand on the Trustees requesting the Trustees to bring or maintain such action, proceeding or claim. Such demand shall not be excused under any circumstances, including claims of alleged interest on the part of the Trustees, unless the shareholder makes a specific showing that irreparable nonmonetary injury to the Trust would otherwise result. Such demand shall be mailed to the Secretary of the Trust at the Trusts principal office and shall set forth with particularity the nature of the proposed court action, proceeding or claim and the essential facts relied upon by the shareholder to support the allegations made in the demand. The Trustees shall consider such demand within 90 days of its receipt by the Trust or inform claimants within such time that further review and consideration is required, in which case the Trustees shall have an additional 120 days to respond. In their sole discretion, the Trustees may submit the matter to a vote of shareholders of the Trust or series or class of Shares, as appropriate. Any decision by the Trustees to bring, maintain or settle (or not to bring, maintain or settle) such court action, proceeding or claim, or to submit the matter to a vote of shareholders, shall be binding upon the shareholders. |
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SECTION 9.6. Voting Power. Each whole share (or fractional share) outstanding on the record date shall be entitled to a number of votes on any matter on which it is entitled to vote equal to the net asset value of the share (or fractional share) in U. S. dollars determined at the close of business on the record date (for example, a share having a net asset value of $10.50 would be entitled to 10.5 votes).
ARTICLE X
INDEMNIFICATION
SECTION 10.1. Each of the Trusts Trustees and officers (including persons who serve at the Trusts request as directors, officers or Trustees of another organization in which the Trust has any interest as a shareholder, creditor or otherwise) who are not employees or officers of any investment adviser to the Trust or any affiliated person thereof and its chief compliance officer, regardless of whether such person is an employee or officer of any investment adviser to the Trust or any affiliated person thereof, and each of its other Trustees and officers (including persons who serve at the Trusts request as directors, officers or Trustees of another organization in which the Trust has any interest as a shareholder, creditor or otherwise) (i.e., those who are employees or officers of any investment adviser to the Trust or any affiliated person thereof) the indemnification of whom shall have been approved by the Trustees (hereinafter referred to as a Covered Person) shall be indemnified and held harmless by the Trust to the fullest extent authorized by applicable law, as the same may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Trust to provide broader indemnification rights than the law permitted the Trust to provide prior to such amendment) against all liabilities and expenses, including but not limited to amounts paid in satisfaction of judgments, in compromise or as fines and penalties, any expenses of establishing a right to indemnification under this Article, and counsel fees reasonably incurred by any Covered Person, in connection with the defense or disposition of any pending, threatened, or contemplated action, suit or other proceeding, whether civil, criminal or administrative proceedings, formal or informal regulatory investigations or inquiries, or other proceedings, including appeals, before any court or administrative or legislative body, in which such Covered Person may be or may have been involved as a party or otherwise (including, without limitation, as a witness) or with which such Covered Person may be or may have been threatened, while in office or thereafter, by reason of any alleged act or omission as a Trustee or officer or by reason of his or her being or having been such a Covered Person except with respect to any matter as to which such Covered Person shall have been finally adjudicated in any such action, suit or other proceeding not to have acted in good faith in the reasonable belief that such Covered Persons action was in the best interests of the Trust and except that no Covered Person shall be indemnified against any liability to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Persons office. To the maximum extent permitted by applicable law, expenses, including counsel fees, so incurred by any such Covered Person (but excluding amounts paid in satisfaction of judgments, in compromise or as fines or penalties) shall be paid from time to time by the Trust in advance of the final disposition of any such action, suit or proceeding upon receipt of an undertaking by or on behalf of such Covered Person to repay amounts so paid to the Trust if it is ultimately determined that indemnification of such expenses is not authorized under this Article, provided, however, that either (a) such Covered Person shall have provided appropriate security for such undertaking, (b) the Trust shall be insured against losses arising from any such advance payments or (c) either a majority of the disinterested Trustees acting on the matter (provided that a majority of the disinterested Trustees then in office act on the
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matter), or independent legal counsel in a written opinion, shall have determined, based upon a review of readily available facts (as opposed to a full trial type inquiry) that there is reason to believe that such Covered Person will ultimately be found entitled to indemnification under this Article. For purposes of the determination or opinion referred to in clause (c), the majority of disinterested Trustees acting on the matter or independent legal counsel, as the case may be, shall afford the Covered Person a rebuttable presumption that the Covered Person has not engaged in willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Persons office.
SECTION 10.2. As to any matter disposed of (whether by a compromise payment, pursuant to a consent decree or otherwise) without an adjudication by a court, or by any other body before which the proceeding was brought, that such Covered Person has not acted in good faith in the reasonable belief that such Covered Persons action was in the best interests of the Trust or is liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office, indemnification shall be provided if (a) approved, after notice that it involves such indemnification, by at least a majority of the disinterested Trustees acting on the matter (provided that a majority of the disinterested Trustees then in office act on the matter) upon a determination, based upon a review of readily available facts (as opposed to a full trial type inquiry) that such Covered Person has acted in good faith in the reasonable belief that such Covered Persons action was in the best interests of the Trust and is not liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office, or (b) there has been obtained an opinion in writing of independent legal counsel, based upon a review of readily available facts (as opposed to a full trial type inquiry) to the effect that such Covered Person appears to have acted in good faith in the reasonable belief that such Covered Persons action was in the best interests of the Trust and that such indemnification would not protect such Covered Person against any liability to the Trust to which such Covered Person would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office. Any approval pursuant to this Section shall not prevent the recovery from any Covered Person of any amount paid to such Covered Person in accordance with this Section as indemnification if such Covered Person is subsequently adjudicated by a court of competent jurisdiction not to have acted in good faith in the reasonable belief that his or her action was in the best interests of the Trust or to have been liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Persons office.
SECTION 10.3. The right of indemnification and to the payment of expenses prior to any final determination hereby provided shall not be exclusive of or affect any other rights to which any such Covered Person may be entitled. As used in this Article, the term Covered Person shall include such persons heirs, executors and administrators; and a disinterested Trustee is a Trustee who is not an interested person of the Trust as defined in Section 2(a)(19) of the Investment Company Act of 1940 (or exempted from being an interested person by any rule, regulation or order of the Securities and Exchange Commission) and against whom none of the actions, suits or other proceedings in question or another action, suit or other proceeding on the same or similar grounds is then or has been pending. Nothing contained in this Article shall affect any rights to indemnification to which personnel of the Trust, other than Trustees and officers, and other persons may be entitled by contract or otherwise under law, nor the power of the Trust to purchase and maintain liability insurance on behalf of any such person.
* * *
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EXECUTION VERSION
COLUMBIA FUNDS
$950,000,000
AMENDED AND RESTATED CREDIT AGREEMENT
Dated as of December 1, 2020
among
THE FUNDS LISTED FROM TIME TO TIME
ON SCHEDULE I HERETO,
VARIOUS BANKS,
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent,
JPMORGAN CHASE BANK, N.A.,
CITIBANK, N.A. and
WELLS FARGO BANK, N.A., as
Joint Lead Arrangers and Joint Bookrunners, and
CITIBANK, N.A.,
as Syndication Agent
Table of Contents
Page | ||||||
SECTION 1. DEFINITIONS |
1 | |||||
1.1 |
Defined Terms | 1 | ||||
1.2 |
Other Definitional Provisions | 17 | ||||
1.3 |
Assumptions Regarding Structure | 18 | ||||
1.4 |
Interest Rates; LIBOR Notification | 18 | ||||
SECTION 2. AMOUNT AND TERMS OF COMMITMENTS |
18 | |||||
2.1 |
Commitments | 18 | ||||
2.2 |
Procedure for Borrowing | 19 | ||||
2.3 |
Fees | 20 | ||||
2.4 |
Termination and Reduction of Commitments | 20 | ||||
2.5 |
Repayment of Loans; Evidence of Debt | 21 | ||||
2.6 |
Optional and Mandatory Prepayments | 22 | ||||
2.7 |
Interest Rates and Payment Dates | 22 | ||||
2.8 |
Computation of Interest and Fees | 23 | ||||
2.9 |
Pro Rata Treatment and Payments | 23 | ||||
2.10 |
Requirements of Law | 24 | ||||
2.11 |
Taxes | 26 | ||||
2.12 |
Change of Lending Office; Replacement of Lender | 28 | ||||
2.13 |
Swing Line Commitment | 29 | ||||
2.14 |
Procedure for Swing Line Borrowing | 29 | ||||
2.15 |
Refunding of Swing Line Loans | 30 | ||||
2.16 |
Designation of Additional Borrowers; Amendments to Schedule I | 32 | ||||
2.17 |
Interfund Lending | 33 | ||||
2.18 |
Defaulting Lender | 34 | ||||
SECTION 3. REPRESENTATIONS AND WARRANTIES |
35 | |||||
3.1 |
Financial Condition | 35 | ||||
3.2 |
No Change | 36 | ||||
3.3 |
Existence; Compliance with Law | 36 | ||||
3.4 |
Power; Authorization; Enforceable Obligations | 36 | ||||
3.5 |
No Legal Bar | 37 | ||||
3.6 |
No Material Litigation | 37 | ||||
3.7 |
No Default | 37 | ||||
3.8 |
Ownership of Property; Liens | 37 | ||||
3.9 |
No Burdensome Restrictions | 37 | ||||
3.10 |
Taxes | 37 | ||||
3.11 |
Federal Regulations | 37 | ||||
3.12 |
ERISA | 37 | ||||
3.13 |
Certain Regulations | 37 | ||||
3.14 |
Subsidiaries | 38 | ||||
3.15 |
Registration of the Fund | 38 |
3.16 |
Offering in Compliance with Securities Laws | 38 | ||||
3.17 |
Investment Policies | 38 | ||||
3.18 |
Permission to Borrow | 38 | ||||
3.19 |
Accuracy of Information; Electronic Information | 38 | ||||
3.20 |
Affiliated Persons | 39 | ||||
3.21 |
Anti-Corruption Laws and Sanctions | 39 | ||||
3.22 |
EEA Financial Institutions | 39 | ||||
SECTION 4. CONDITIONS PRECEDENT |
40 | |||||
4.1 |
Conditions to Closing | 40 | ||||
4.2 |
Conditions to Each Loan | 41 | ||||
4.3 |
Lender Deliverables | 42 | ||||
SECTION 5. AFFIRMATIVE COVENANTS |
42 | |||||
5.1 |
Financial Statements | 43 | ||||
5.2 |
Certificates; Other Information | 44 | ||||
5.3 |
Payment of Obligations | 44 | ||||
5.4 |
Conduct of Business and Maintenance of Existence | 44 | ||||
5.5 |
Maintenance of Property; Insurance | 45 | ||||
5.6 |
Inspection of Property; Books and Records; Discussions | 45 | ||||
5.7 |
Notices | 45 | ||||
5.8 |
Purpose of Loans | 46 | ||||
5.9 |
Payment of Taxes | 46 | ||||
SECTION 6. NEGATIVE COVENANTS |
47 | |||||
6.1 |
Financial Condition Covenant | 47 | ||||
6.2 |
Limitation on Indebtedness; Derivatives | 47 | ||||
6.3 |
Limitation on Liens | 47 | ||||
6.4 |
Limitation on Guarantee Obligations | 48 | ||||
6.5 |
Limitation on Fundamental Changes | 48 | ||||
6.6 |
Limitation on Distributions | 48 | ||||
6.7 |
Limitation on Investments, Loans and Advances | 49 | ||||
6.8 |
Limitation on Transactions with Affiliates | 49 | ||||
6.9 |
Limitation on Negative Pledge Clauses | 49 | ||||
6.10 |
Limitation on Changes to Investment Policies | 49 | ||||
6.11 |
Cayman Parent Borrower Activities | 49 | ||||
6.12 |
Cayman Parent Borrower Sale of Assets, Etc. | 49 | ||||
6.13 |
Prohibited Use of Proceeds | 50 | ||||
SECTION 7. EVENTS OF DEFAULT |
50 | |||||
SECTION 8. THE ADMINISTRATIVE AGENT |
53 | |||||
8.1 |
Appointment | 53 | ||||
8.2 |
Delegation of Duties | 54 | ||||
8.3 |
Exculpatory Provisions | 54 | ||||
8.4 |
Reliance by Administrative Agent | 54 | ||||
8.5 |
Notice of Default | 55 |
ii
8.6 |
Non-Reliance on Administrative Agent and Other Lenders | 55 | ||||
8.7 |
Indemnification | 55 | ||||
8.8 |
Administrative Agent in Its Individual Capacity | 56 | ||||
8.9 |
Successor Administrative Agent | 56 | ||||
8.10 |
Duties of Syndication Agents | 56 | ||||
SECTION 9. MISCELLANEOUS |
57 | |||||
9.1 |
Amendments and Waivers | 57 | ||||
9.2 |
Notices | 57 | ||||
9.3 |
No Waiver; Cumulative Remedies | 58 | ||||
9.4 |
Survival of Representations and Warranties | 58 | ||||
9.5 |
Payment of Expenses and Taxes; Indemnification | 59 | ||||
9.6 |
Successors and Assigns; Participations and Assignments | 60 | ||||
9.7 |
Adjustments; Set-off | 63 | ||||
9.8 |
Counterparts | 63 | ||||
9.9 |
Severability | 65 | ||||
9.10 |
Waiver of Conflicts; Confidentiality | 65 | ||||
9.11 |
GOVERNING LAW | 66 | ||||
9.12 |
Submission To Jurisdiction; Waivers | 66 | ||||
9.13 |
Acknowledgments | 67 | ||||
9.14 |
WAIVERS OF JURY TRIAL | 67 | ||||
9.15 |
Non-Recourse | 67 | ||||
9.16 |
Integration | 68 | ||||
9.17 |
USA PATRIOT Act | 68 | ||||
9.18 |
Net Asset Value | 68 | ||||
9.19 |
Acknowledgement and Consent to Bail-In of Affected Financial Institutions | 68 | ||||
9.20 |
Mauritius Subsidiaries | 69 | ||||
9.21 |
Lender Representation | 69 |
SCHEDULES:
Schedule I | Borrowers & Pro Rata Allocations | |
Schedule II | Commitments, Addresses, Etc. | |
Schedule III | Investment Management Agreements | |
Schedule IV | Custody Agreements | |
Schedule V | Prime Broker Agreements | |
Schedule 5.1 | Web Addresses For Annual, Semi-Annual and Quarterly Reports | |
Schedule 9.20 | Representations, Covenants and Events of Default Applicable to Borrowers with Mauritius Subsidiaries | |
EXHIBITS: | ||
Exhibit 2.5(e) | Form of Note | |
Exhibit 2.16(a) | Form for Designation of New Borrowers | |
Exhibit 9.6(c) | Form of Assignment and Acceptance |
iii
AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, this Agreement) among (i) the trusts listed on Schedule I (the Registrants), each of which is executing this Agreement on behalf of its respective underlying series set forth beneath such Registrants name on Schedule I (each such series, individually, a Borrower or Fund and, collectively, the Borrowers or Funds), (ii) the several banks and other financial institutions from time to time parties to this Agreement (the Lenders), (iii) Citibank, N.A., as Syndication Agent (the Syndication Agent) and (iv) JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent for the Lenders hereunder (in such capacity, the Administrative Agent);
W I T N E S E T H :
WHEREAS, each Registrant is an open-end registered investment company under the Investment Company Act of 1940 for which Columbia Management (as defined below) acts as an investment manager;
WHEREAS, each Borrower has requested the Lenders to make Loans (as defined below) severally and not jointly to each Borrower and to make available to it a credit facility for the purposes and on the terms and conditions set forth herein;
WHEREAS, each Lender acknowledges that each Borrower shall be liable hereunder only for the Loans made to such Borrower hereunder and interest thereon and for the fees and expenses associated therewith and as otherwise set forth herein, and that, notwithstanding anything to the contrary herein, each Borrowers obligations hereunder are several and not joint;
WHEREAS, certain of the parties hereto entered into the Amended and Restated Credit Agreement dated as of December 3, 2019 (as amended, restated, terminated, replaced, supplemented or otherwise modified, the Original Credit Agreement);
WHEREAS, the parties hereto wish to amend and restate the Original Credit Agreement to incorporate terms provided herein;
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties to this Agreement agree as follows:
SECTION 1. DEFINITIONS
1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings:
Administrative Agent: JPMorgan Chase Bank, N.A., together with its permitted successors and assigns, as the administrative agent for the Lenders under this Agreement and the other Loan Documents.
Affected Borrowers: with respect to any Bank-Advisor, any Borrower with respect to which (i) such Bank-Advisor or any of its affiliates acts as an advisor or sub-advisor, (ii) such Bank-Advisor is prohibited from lending to by any Applicable Law or (iii) an extension of credit by such Bank-Advisor would subject such Bank-Advisor to lending limits under any Applicable Law (including Regulation W).
Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.
Affiliate: as to any Person, any other Person (other than a Subsidiary) which, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, control of a Person means the power, directly or indirectly, either to (a) vote 10% or more of the securities having ordinary voting power for the election of directors of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.
Aggregate Commitment: the total of all Commitments of all Lenders, as may be reduced from time to time in accordance with the terms of this Agreement. On the Closing Date, the Aggregate Commitment shall be equal to $950,000,000.
Agreement: as defined in the Preamble hereto.
Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to any Borrower or its Subsidiaries from time to time concerning or relating to money laundering, bribery or corruption, or any jurisdiction applicable to any Lender concerning or relating to money laundering.
Applicable Law: any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.
Applicable Margin means 1.25% per annum; provided that: from and after the occurrence of a LIBOR Unavailability Event, if there is no then applicable Benchmark Replacement as determined by the Administrative Agent, the Applicable Margin shall be 1.35%; and from and after the occurrence of a LIBOR Unavailability Event, if there is a then applicable Benchmark Replacement as determined by the Administrative Agent, the Applicable Margin shall be 1.25%.1
Asset Coverage Ratio: with respect to any Borrower, the ratio which the value of the Total Assets of such Borrower less all liabilities and Indebtedness of such Borrower not represented by Senior Securities, bears to the aggregate amount of all Senior Securities representing Indebtedness of such Borrower. For the purposes of calculating the Asset Coverage Ratio, (i) the amount of any liability or Indebtedness deducted from Total Assets of such Borrower shall be equal to the greater of (x) the outstanding amount of such liability or
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NTD re the deletion: Benchmark Replacement Adjustment is included in the definition of Benchmark Replacement. |
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Indebtedness and (y) the fair market value of all assets securing such liability or Indebtedness; (ii) the indebtedness incurred by any Borrower under any Interfund Lending shall be deemed to be a Senior Security for purposes of calculating the Asset Coverage Ratio as it applies to such Borrower; (iii) in order to ensure that Borrowers that are part of a fund-of-funds or master-feeder structure do not borrow against the same assets, for purposes of calculating the Asset Coverage Ratio, if any Borrower invests in another Borrower, the value of such assets shall, as between both such Borrowers, only be counted once; (iv) in determining the numerator of said ratio and to the extent that the Investment Company Act does not already require the following deduction, the following shall be deducted: If the Borrower is the Cayman Parent Borrower, the value of (1) all assets belonging to the Cayman Designated Subsidiary and (2) such Borrowers direct or indirect debt, equity or other interests or investments in the Cayman Designated Subsidiary; (v) indebtedness incurred by the Cayman Designated Subsidiary shall not be included in either the numerator or the denominator of said ratio in determining the Asset Coverage Ratio of the Cayman Parent Borrower; and (vi) if the Borrower is a Mauritius Parent Borrower, the assets and indebtedness of its Mauritius Designated Subsidiary will be included in calculating the Asset Coverage Ratio of such Mauritius Parent Borrower.
Assignee: as defined in Section 9.6(c).
Available Commitment: as to any Lender at any time, an amount equal to (a) the amount of such Lenders Commitment less (b) the sum of (i) the aggregate principal amount of all Revolving Credit Loans to all Borrowers made by such Lender then outstanding and (ii) such Lenders Swing Line Exposure at such time; collectively, as to all the Lenders, the Available Commitments.
Bail-In Action: the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.
Bail-In Legislation: (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).
Bank-Advisor: each of JPMorgan Chase Bank, N.A., Morgan Stanley Bank, N.A., Bank of America, N.A., Wells Fargo Bank, National Association, The Bank of New York Mellon and any other Lender (i) prohibited by any Applicable Law from lending to one or more of the Borrowers or (ii) for whom an extension of credit by it to one or more Borrowers would subject such Bank-Advisor to lending limits under any Applicable Law (including Regulation W).
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Bankruptcy Event: with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, unless such ownership interest results in or provides such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permits such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.
Benchmark Replacement: the sum of (x) Daily Simple SOFR and (y) the related Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents; provided further, that, in connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Capitalized terms used in this definition of Benchmark Replacement shall have the following meanings:
Available Tenor means, as of any date of determination and with respect to the Benchmark, as applicable, any tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of any interest period pursuant to this Agreement as of such date.
Benchmark means the Eurodollar Rate.
Benchmark Replacement Adjustment means, with respect to the replacement of the Benchmark with an Unadjusted Benchmark Replacement for any applicable interest period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the first alternative set forth in the order below that can be determined by the Administrative Agent:
(a) the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such interest period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement;2
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NTD re the deletion here: Corresponding Tenor would correspond with the Benchmarks (Eurodollar Rates) one-month tenor; however, the replacement is a daily rate, so the spread adjustment should pertain thereto, not to one month. |
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(b) the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such interest period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Benchmark;
provided that such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.
Benchmark Replacement Conforming Changes means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of Business Day, relevant interest periods, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).
Daily Simple SOFR means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining Daily Simple SOFR for business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.
Floor means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to Eurodollar Rate.
ISDA Definitions means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto.
NYFRB means the Federal Reserve Bank of New York.
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Reference Time means the time determined by the Administrative Agent in its reasonable discretion.
Relevant Governmental Body means the Federal Reserve Board or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board or the NYFRB, or any successor thereto.
SOFR means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrators Website at approximately 8:00 a.m. (New York City time) on the immediately succeeding Business Day.
SOFR Administrator means the NYFRB (or a successor administrator of the secured overnight financing rate).
SOFR Administrators Website means the NYFRBs Website, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.
Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.
Benchmark Replacement Adjustment: as defined in in the definition of Benchmark Replacement.
Benefited Lender: as defined in Section 9.7(a).
Borrower and Borrowers: as defined in the Preamble hereto.
Borrowing Date: any Business Day specified in a notice pursuant to Section 2.2 or 2.14 as a date on which a Registrant, on behalf of a series thereof that is a Borrower, requests the Lenders to make Loans hereunder.
Business Day: a day other than a Saturday, Sunday or other day on which commercial banks in New York City or Minneapolis, Minnesota are authorized or required by law to close.
Cayman Designated Subsidiaries: CCSF Offshore Fund, Ltd., a wholly-owned subsidiary of CCSF; ASMF Offshore Fund, Ltd. and ASGM Offshore Fund, Ltd., each of which is a wholly-owned subsidiary of MASF; CVPCSF Offshore Fund, Ltd., a wholly-owned subsidiary of CVPCSF; CMSAF1 Offshore Fund, Ltd., CMSAF2 Offshore Fund, Ltd. and CMSAF3 Offshore Fund, Ltd., each of which is a wholly-owned subsidiary of CMSAF.
Cayman Parent Borrowers: Columbia Commodity Strategy Fund (CCSF), Multi-Manager Alternative Strategies Fund (MASF), Columbia Variable PortfolioCommodity Strategy Fund (CVPCSF) and Columbia Multi Strategy Alternatives Fund (CMSAF).
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Closing Date: the date on which the conditions precedent set forth in Section 4.1 shall be satisfied and the Loan Documents are signed by the parties hereto and delivered to the offices of Pryor Cashman LLP at Seven Times Square, New York, New York 10036, which date shall be the date as of which this Agreement is dated.
Code: the Internal Revenue Code of 1986, as amended from time to time.
Columbia Management: Columbia Management Investment Advisers, LLC, a Minnesota limited liability company, or Columbia Wanger Asset Management, LLC, a Delaware limited liability company, as applicable.
Commitment: as to any Lender, the obligation of such Lender to make Loans to the Borrowers hereunder in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lenders name on Schedule II, as such amount may be reduced pursuant to the terms hereof.
Commitment Fee: as defined in Section 2.3.
Commitment Percentage: as to any Lender at any time, the percentage which such Lenders Commitment then constitutes of the aggregate Commitments of all Lenders; provided that when a Defaulting Lender shall exist, Commitment Percentage shall mean the percentage of the total Commitments (disregarding any Defaulting Lenders Commitment) represented by such Lenders Commitment. If the Commitments have terminated or expired, the Commitment Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments and to any Lenders status as a Defaulting Lender at the time of determination.
Commitment Period: the period from and including the Closing Date to but not including, the Termination Date.
Commonly Controlled Entity: an entity, whether or not incorporated, which is under common control with any Borrower within the meaning of Section 4001 of ERISA or is part of a group which includes any Borrower and which is treated as a single employer under Section 414 of the Code.
Confidential Information: as defined in Section 9.10(b).
Contractual Obligation: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound.
Credit Exposure: with respect to any Lender at any time, the sum of the outstanding principal amount of such Lenders Revolving Credit Loans and its Swing Line Exposure at such time.
Custody Agreement: as to each Fund, the related Custody Agreement(s) set forth in Schedule IV.
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Default: any of the events specified in Section 7 (or in Section 3(a) of Schedule 9.20), which with notice, or lapse of time, or both, would constitute an Event of Default.
Defaulting Lender: any Lender that: (a) has failed, within three Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Swing Line Loans or (iii) pay over to the Administrative Agent, the Swing Line Lender or any Lender (each a Credit Party) any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lenders good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied; (b) has notified the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lenders good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit; (c) has failed, within three Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans and participations in then outstanding Swing Line Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Partys receipt of such certification in form and substance satisfactory to it and the Administrative Agent, (d) has become the subject of (A) a Bankruptcy Event or (B) a Bail-In Action, or (e) ceases to be a Bank (as defined in the 1940 Act).
Designated Borrower: each Borrower listed on Schedule Ia as a Designated Borrower.
Designated Borrower Asset Coverage Ratio Percentage: with respect to each Designated Borrower, the Designated Percentage set forth for such Designated Borrower on Schedule Ia, or, as to any additional Designated Borrower designated pursuant to Section 2.16, such other percentage as the Administrative Agent deems appropriate.
Designated Percentage: as defined in the definition of Designated Borrower Asset Coverage Ratio Percentage.
Dollars and $: lawful currency of the United States of America.
EEA Financial Institution means (a) any institution established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
EEA Member Country means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
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EEA Resolution Authority means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
Electronic Signature means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record.
Eligible Lender: an entity that is a Bank (as defined in the 1940 Act) and, except for a Bank-Advisor with respect to its respective Affected Borrowers, is not otherwise prohibited by any Applicable Law from lending to any of the Borrowers. Notwithstanding the foregoing, Eligible Lender shall not include any Borrower or any natural person.
ERISA: the Employee Retirement Income Security Act of 1974, as amended from time to time.
EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.
Eurodollar Rate means the rate per annum (adjusted for statutory reserve requirements for eurocurrency liabilities) equal to the offered rate per annum for eurodollar deposits for a period equal to one month appearing on Reuters Page LIBOR01 (or any successor or substitute page which displays an average ICE Benchmark Administration Interest Settlement Rate or any successor thereto).
Event of Default: any of the events specified in Section 7 (or in Section 3(a) of Schedule 9.20), provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied.
FATCA: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), or any Treasury regulations promulgated thereunder or official administrative interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code.
Federal Funds Rate means, for any day, a rate per annum equal to the greatest of (a) prior to the occurrence of a LIBOR Unavailability Event, the Eurodollar Rate for a one-month interest period commencing two business days after such day, and following the occurrence of a LIBOR Unavailability Event, the Benchmark Replacement if determined to be applicable by the Administrative Agent, (b) the federal funds effective rate in effect on such day and (c) the overnight bank funding rate in effect on such day; provided, however, that (i) notwithstanding the rate calculated in accordance with the foregoing, at no time shall the Federal Funds Rate be less than 0% per annum, and (ii) for any day that is not a business day, Federal Funds Rate shall mean the Federal Funds Rate, as calculated above, in effect on the last business day prior to such day.
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Financing Lease: any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of such lessee.
Fund: as defined in the Preamble hereto.
GAAP: generally accepted accounting principles in the United States of America in effect from time to time.
Governmental Authority: any nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).
Guarantee Obligation: as to any Person (the guaranteeing person), any obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the primary obligations) of any other third Person (the primary obligor) in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing persons maximum reasonably anticipated liability in respect thereof as determined by such guaranteeing person in good faith.
Indebtedness: of any Person at any date, (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services (other than current trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices), (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture or similar debt instrument, (c) any obligations of such Person under Financing Leases or Interest Rate Agreements or Swap Obligations as calculated daily on a marked-to-market basis in accordance with GAAP, (d) all obligations of such Person in respect of acceptances (as defined in Section 3-410 of the UCC) issued or created for the account of such Person, (e) all reimbursement obligations (contingent or otherwise) of such person arising out of any letters of credit, and (f) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof.
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Interest Payment Date: as to any Loan, (i) the last day of each calendar month, (ii) with respect to any prepayment, the date of such prepayment and (iii) the Maturity Date.
Interest Rate Agreement: any interest rate protection agreement, interest rate future, interest rate option, interest rate swap, interest rate cap or other interest rate hedge or arrangement under which a Borrower or Registrant, on behalf of a series thereof that is a Borrower, is a party or a beneficiary.
Interfund Lending: lending by a series advised by Columbia Management to one or more other series advised by Columbia Management, or borrowing by a series advised by Columbia Management from one or more other series advised by Columbia Management, in either case pursuant to an Interfund Lending Exemptive Order, or otherwise allowed by any Applicable Law.
Interfund Lending Exemptive Order: an exemptive order, including any amended or supplemental order, issued by the Securities and Exchange Commission authorizing Interfund Lending.
Interfund Loan: a loan to a Borrower pursuant to an Interfund Lending arrangement.
Investment Management Agreement: as to each Registrant on behalf of a series thereof that is a Borrower, the Investment Management Services Agreement set forth on Schedule III.
Investment Policies: as to each Borrower, the fundamental and non-fundamental policies, and related limits and restrictions, on investing by such Borrower set forth in the statement of additional information for such Borrower, as such statement of additional information may be amended or supplemented from time to time.
JP Morgan: JPMorgan Chase Bank, N.A., a national banking association.
Lenders: as defined in the Preamble hereto.
Liabilities means any losses, claims (including intraparty claims), demands, damages or liabilities of any kind.
LIBOR Unavailability Event: the Administrative Agents having determined (which determination shall be conclusive absent manifest error) that (a) adequate and reasonable means do not exist for ascertaining the Eurodollar Rate and such circumstances are unlikely to be temporary or (b) the circumstances set forth in clause (a) have not arisen but either: (v) the supervisor for the administrator of the Eurodollar Rate has made a public statement that the Eurodollar Rate (A) is no longer representative of the underlying market in which case the
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LIBOR Unavailability Event shall be deemed to have occurred as of the date of such statement or (B) will no longer be representative of the underlying market after a specific date, in which case the LIBOR Unavailability Event shall be deemed to have occurred as of such specific date; (w) the supervisor for the administrator of the Eurodollar Rate has made a public statement that the administrator of the Eurodollar Rate (A) is insolvent (and there is no successor administrator that will continue publication of the Eurodollar Rate), in which case the LIBOR Unavailability Event shall be deemed to have occurred as of the date of such statement, or (B) will be insolvent as of a specific date (and there will be no successor administrator that will continue publication of the Eurodollar Rate), in which case the LIBOR Unavailability Event shall be deemed to have occurred as of such specific date; (x) the administrator of the Eurodollar Rate has made a public statement identifying a specific date after which the Eurodollar Rate will permanently or indefinitely cease to be published by it (and there is no successor administrator that will continue publication of the Eurodollar Rate), in which case the LIBOR Unavailability Event shall be deemed to have occurred as of such specific date; (y) the supervisor for the administrator of the Eurodollar Rate has made a public statement identifying a specific date after which the Eurodollar Rate will permanently or indefinitely cease to be published in which case the LIBOR Unavailability Event shall be deemed to have occurred as of such specific date; or (z) the supervisor for the administrator of the Eurodollar Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the Eurodollar Rate may no longer be used for determining interest rates for loans in which case the LIBOR Unavailability Event shall be deemed to have occurred as of such specific date.
Lien: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement and any Financing Lease having substantially the same economic effect as any of the foregoing).
Loan Documents: this Agreement, the Notes and all other agreements, instruments, and other documents entered into in connection with the transactions contemplated by this Agreement, and all amendments and supplements thereto.
Loans: all loans made pursuant to this Agreement; individually, a Loan.
Material Adverse Effect: a material adverse effect on (a) the business, financial condition, operations or ability to timely perform any of its material obligations under the Loan Documents of a Registrant or a Borrower or (b) the legality, validity, binding nature or enforceability of the Loan Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder.
Maturity Date: as to each Loan, the date which is the earliest of (a) 60 days after the Borrowing Date for such Loan (or, with respect to a Swing Line Loan, seven days after the Borrowing date therefor), (b) the Termination Date and (c) the payment in full of such Loan.
Mauritius Parent Borrowers: Columbia Emerging Markets Consumer ETF (EMC).
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Mauritius Designated Subsidiaries: EG Shares Consumer Mauritius, a wholly-owned subsidiary of EMC. Each such Mauritius Designated Subsidiary is organized under the laws of the Republic of Mauritius.
Moodys: Moodys Investors Service, Inc.
1940 Act: the Investment Company Act of 1940, as amended, together with all rules and regulations promulgated from time to time thereunder.
Non-Excluded Taxes: as defined in Section 2.11.
Non-Pro Rata Lender: any Lender making a Non-Pro Rata Loan.
Non-Pro Rata Loan: (i) any Loan to an Affected Borrower or (ii) in the event any Loans are outstanding to one or more Affected Borrowers and, as a result thereof, not all of the Aggregate Commitment is available to be borrowed by one or more Unaffected Borrowers, any Loan made by the Bank-Advisor to such Unaffected Borrower.
Non-Recourse Person: as defined in Section 9.15.
Notes: the collective reference to the Revolving Credit Notes; individually, a Note.
Other Lender: any Lender other than a Bank-Advisor.
Participant: as defined in Section 9.6(b).
Person: an individual, partnership, limited liability company, corporation, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature.
Plan: at a particular time, any employee benefit plan covered by ERISA which any Registrant or any Fund maintains.
Prime Broker Agreement: As to the Funds listed on Schedule V, the related agreement set forth on Schedule V.
Proceeding means any claim, litigation, investigation, action, suit, arbitration or administrative, judicial or regulatory action or proceeding in any jurisdiction.
Pro Rata Allocation: as to each Borrower, the percentage amount stated in Schedule Ia; provided that, if no Event of Default shall have occurred and be continuing, Columbia Management, on behalf of the Borrowers and without the consent of the Lenders, by written notice to the Administrative Agent, may change the Pro Rata Allocations from time to time in Columbia Management sole discretion; provided further, that while an Event of Default has occurred and is continuing with respect to a Borrower, the Pro Rata Allocations may be changed in such manner as long as the Pro Rata Allocation of any such defaulting Borrower is not increased; and provided further, that, after any change in Pro Rata Allocations, the aggregate amount of all Pro Rata Allocations shall equal 100%. The delivery of such written notice shall constitute a representation and warranty by the Borrowers as of the date thereof that no Event of Default has occurred and is continuing with respect to each Borrower whose Pro Rata Allocation has been increased.
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Prospectus: at a particular time, and as to a Fund, the currently effective prospectus and statement of additional information of such Fund.
Register: as defined in Section 9.6(d).
Registrant: as defined in the Preamble hereto.
Registration Statement: as to a Fund, the applicable portions of the registration statement of the Registrant of which such Fund is a series as filed with the Securities and Exchange Commission under the Securities Act and the 1940 Act.
Regulation T: Regulation T of the Board of Governors of the Federal Reserve System as in effect from time to time.
Regulation U: Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time.
Regulation X: Regulation X of the Board of Governors of the Federal Reserve System as in effect from time to time.
Required Lenders: at any time, Lenders having Credit Exposures and Available Commitments representing more than 50% of the sum of total Credit Exposures and Available Commitments at such time; provided that the Credit Exposure and Available Commitment of any Defaulting Lender shall be disregarded in the determination of the Required Lenders at any time and provided further that the Credit Exposures and Available Commitments of any Bank-Advisor shall be disregarded in the determination of the Required Lenders with respect to any amendment, modification, waiver or forbearance solely relating to the relevant Affected Borrower of such Bank-Advisor.
Requirement of Law: as to any Person, the certificate of incorporation, by-laws, partnership agreement, operating agreement or other organizational or governing documents of such Person, and any Applicable Law.
Resolution Authority means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
Responsible Officer: the president, vice president, treasurer, secretary, assistant treasurer or assistant secretary of a Registrant, or, with respect to financial matters, the treasurer or assistant treasurer of such Registrant.
Reverse Repurchase Transaction: a transaction whereby a Borrower or Registrant, on behalf of a series thereof that is a Borrower, (i) transfers possession of a security it owns (but not record ownership or the right to receive interest and principal payments thereon) to another party in exchange for a percentage of the value of the security (for purposes of this definition, the payment proceeds), and (ii) repossesses the security at an agreed upon future date by remitting the payment proceeds plus interest.
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Revolving Credit Loan: as defined in Section 2.1.
Revolving Credit Note: as defined in Section 2.5(e).
S&P: Standard & Poors Ratings Services, a division of The McGraw-Hill Companies.
Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government, the United Nations or the European Union and its member countries, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, the United Nations Security Council, the European Union or Her Majestys Treasury.
Sanctioned Country means, at any time, a country or territory which is, or whose government is, the subject or target of any Sanctions.
Sanctioned Person means, at any time, (a) any Person that is the subject of any Sanctions, including without limitation any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, the United Nations Security Council, the European Union or Her Majestys Treasury, (b) any Person operating, located, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person described in clauses (a) or (b).
Securities Act: the Securities Act of 1933, as amended, together with all rules and regulations promulgated from time to time thereunder.
Senior Securities Representing Indebtedness: any Senior Security other than stock or other equity securities.
Senior Security: any bond, debenture, note or similar obligation or instrument constituting a security and evidencing indebtedness (including without limitation all Loans), and any share of beneficial interest or common stock, as the case may be, of a Fund, of a class (other than a class established in accordance with Section 18 of the 1940 Act) having priority over any other class of shares of such Fund as to distribution of assets or payment of dividends.
Subsidiary: as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership, limited liability company or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. For the avoidance of doubt, any Fund or series of capital stock of a Registrant shall not constitute a Subsidiary.
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Swap Obligation: as to any Person, any net obligation of such Person arising out of (i) any swap agreement (as defined in Section 101(53B) of the Bankruptcy Code), (ii) any equity swap, floor, collar, cap or option transaction, (iii) any option to enter into any of the foregoing or (iv) any combination of the foregoing.
Swing Line Agent: JPMorgan.
Swing Line Commitment: with respect to each Swing Line Lender, the obligation of such Swing Line Lender to make Swing Line Loans pursuant to Section 2.13 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Swing Line Lenders name on Schedule II under the heading Amount of Swing Line Commitment.
Swing Line Exposure: at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time to all Borrowers. The Swing Line Exposure of any Lender at any time shall be the amount of such Lenders funded or unfunded obligation to refund the aggregate Swing Line Loans outstanding at such time to all Borrowers (by funding Revolving Credit Loans under Section 2.15(a) or by purchasing a participating interest therein under Section 2.15(c)) based upon such Lenders Commitment Percentage of the total Swing Line Exposure at such time, as such obligation may be adjusted pursuant to the terms of Section 2.2(b).
Swing Line Lender: each of JPMorgan, Citibank, N.A., and Wells Fargo Bank, National Association.
Swing Line Loans: as defined in Section 2.13.
Swing Line Participation Amount: as defined in Section 2.15(c).
Swing Line Pro Rata Share: (i) as to JPMorgan, 33.34%; (ii) as to Citibank, N.A., 33.33%; and (iii) as to Wells Fargo Bank, National Association, 33.33%.
Termination Date: November 30, 2021, or such earlier date on which the Commitments shall terminate as provided herein.
Total Assets: at any time, all assets of a Borrower which in accordance with GAAP would be classified as assets on a balance sheet of such Borrower prepared as of such time; provided, however, that the term Total Assets shall not include (a) equipment, (b) securities owned by a Borrower which are in default, (c) deferred organizational and offering expenses or (d) assets subject to any lien pursuant to a Prime Broker Agreement.
Transactions means the execution, delivery and performance by the Borrowers of this Agreement, the borrowing of Loans, the use of the proceeds thereof.
Transferee: as defined in Section 9.6(f).
UCC: the Uniform Commercial Code as from time to time in effect in the State of New York.
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UK Financial Institution: any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.
UK Resolution Authority: the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
Unaffected Borrower: any Borrower other than an Affected Borrower.
Write-Down and Conversion Powers: (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.
1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have such defined meanings when used in any Note or other Loan Document or any certificate or other document made or delivered pursuant hereto.
(b) As used herein and in any Notes or other Loan Document, and any certificate or other document made or delivered pursuant hereto, accounting terms relating to any Registrant or Borrower not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP (as consistently applied).
(c) The words hereof, herein and hereunder and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified.
(d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.
(e) For the avoidance of doubt, as used herein and in any Notes or other Loan Document, (a) the terms Fund and Borrower shall have the same meaning and (b) any reference to a Fund taking any action shall include the related Registrant, if any, taking such action on behalf of such Fund.
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1.3 Assumptions Regarding Structure. For the sake of clarity and construction, the parties hereto hereby set forth their acknowledgment and agreement that each Borrower that is a series of a Registrant is not a separately existing legal entity entitled to enter into contractual agreements or to execute instruments and, for these reasons, each such Registrant is executing this Agreement and shall execute any respective Note on behalf of its series, as Borrowers, and that such series will utilize the Loans thus made on their behalf. Any action to be taken by a Borrower may be taken by the related Registrant on its behalf. Notwithstanding anything to the contrary in this Agreement, each Borrower shall be liable hereunder only for the Loans made to such Borrower hereunder and interest thereon and for the fees and expenses associated therewith and as otherwise set forth herein, and in no event shall any Borrower or its assets be held liable for the Loans made to any other Borrower hereunder or interest thereon or for the fees and expenses associated therewith.
1.4 Interest Rates; LIBOR Notification. The interest rate on the Loans is determined by reference to the Federal Funds Rate, which includes the Eurodollar Rate as one of its components, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the IBA) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. If a LIBOR Unavailability Event occurs, the Federal Funds Rate shall be determined in accordance with the definition thereof. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of Federal Funds Rate, including without limitation, whether any such rate, as it may or may not be adjusted, will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as did, the London interbank offered rate prior to its discontinuance or unavailability. Nothing in this Section 1.4 shall imply any obligation of the Administrative Agent or any Lender to extend the availability or maturity of Loans hereunder beyond the Termination Date.
SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
2.1 Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars (Revolving Credit Loans) to each Borrower, from time to time during the Commitment Period, in an aggregate principal amount at any one time outstanding not to exceed the amount of such Lenders Commitment at such time minus the amount of such Lenders Swing Line Exposure at such time. During the Commitment Period, each Borrower may use Commitments by borrowing, prepaying Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that (i) at no time may the aggregate principal amount outstanding of Revolving Credit Loans and Swing Line Loans to all Borrowers exceed the Aggregate Commitment and (ii) in no event shall any Lender be obligated to make Revolving Credit Loans or Swing Line Loans if it would cause the sum of the aggregate principal amount of such Lenders Revolving Credit Loans, Swing Line Participation Amounts and Swing Line Loans to exceed such Lenders Commitment.
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2.2 Procedure for Borrowing. (a) A Borrower may borrow under the Commitments during the Commitment Period on any Business Day, provided that the Borrower (or a Registrant on its behalf) shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 1:00 P.M. New York City time on the requested Borrowing Date in accordance with Section 9.2), specifying (i) the amount to be borrowed, and (ii) the requested Borrowing Date. Subject to Section 2.15, the aggregate amount of each borrowing by a Borrower under the Commitments on any Borrowing Date shall be in an amount equal to $100,000 or a whole multiple of $100,000 in excess thereof (or, if the then Available Commitments are less than $100,000, such lesser amount). Upon receipt of any such notice from a Borrower (or a Registrant on its behalf), the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of such Borrower at the office of the Administrative Agent specified in Section 9.2 prior to 4:00 P.M., New York City time, on the Borrowing Date requested by such Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to such Borrower on such Borrowing Date by the Administrative Agents transferring by wire to the account of such Borrower the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent; provided that if, on the Borrowing Date of any Revolving Credit Loans of a Borrower, any Swing Line Loans to such Borrower shall be outstanding, the proceeds of such Revolving Credit Loans to such Borrower shall first be applied to pay in full such Swing Line Loans, with any remaining proceeds to be made available to such Borrower as provided above.
(b) Notwithstanding any other provision hereof to the contrary, the Bank-Advisors may not, and shall not have the obligation to, (i) lend to (including, without limitation as a Swing Line Lender), (ii) participate or purchase a participation in, or make a Revolving Credit Loan to refund, repay or refinance, any Loan (including, without limitation, any Swing Line Loan) made by an Other Lender (including, without limitation, the Swing Line Lender) to, or (iii) share in a Benefited Lenders excess payment or benefits of collateral or proceeds received from, in each case, any of their respective Affected Borrowers. With respect to a borrowing to be made by any Affected Borrower(s) (with borrowings made or to be made by and Loans made or to be made to any Affected Borrower or any Unaffected Borrower to include, for purposes of this Section 2.2(b), borrowings and Loans which are or are to be made to refund, refinance or repay Swing Line Loans made to such Affected Borrower or such Unaffected Borrower and participations which are or are to be purchased in Swing Line Loans and other Loans to such Affected Borrower or such Unaffected Borrower), the portion of such borrowing otherwise allocable to the related Bank-Advisor shall be allocated by the Administrative Agent to the Other Lenders (to the extent they have availability under their Commitments, and provided that no Lender shall be required to lend in excess of its Commitment) pro rata according to the amounts of their respective Available Commitments. Whenever borrowings are to be made by one or more Affected Borrowers
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and one or more Unaffected Borrowers on the same day, then for purposes of calculating the Lenders respective pro rata shares of borrowings by such Unaffected Borrower(s) there shall first be deducted from the Available Commitment of each Other Lender the amount of the Loans to be made by such Other Lender to the Affected Borrower(s) on such day. In the event that Loans are outstanding to one or more Affected Borrowers and as a result thereof, not all of the Aggregate Commitment is available to be borrowed by one or more Unaffected Borrowers, each Bank-Advisor that has previously not lent to such Affected Borrower(s) shall lend any or all such amounts not lent to such Affected Borrower(s) to such Unaffected Borrower(s) to the extent requested by it in conformance with the terms hereof but in no event more than its Available Commitment.
2.3 Fees. (a) Each Borrower severally, and neither jointly nor jointly and severally, agrees to pay to the Administrative Agent for the account of each Lender such Borrowers Pro Rata Allocation (as adjusted from time to time in accordance with the terms hereof) of a commitment fee (Commitment Fee) during the period which shall begin on the first day of the Commitment Period and shall extend to the Termination Date, which Commitment Fee shall be a quarterly fee, computed at the rate of 0.15% per annum on, subject to the last sentence of this Section 2.3, the average daily amount of the Available Commitments of all Lenders in the aggregate during each calendar quarter. Such Commitment Fee shall be payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Termination Date, commencing on the first of such dates to occur after the date hereof. Notwithstanding any other provision hereof to the contrary, solely for the purpose of calculating the Commitment Fee, Swing Line Loans will not be deemed a utilization of the Aggregate Commitments of all Lenders.
(b) Each Borrower severally agrees to pay the Administrative Agent for the account of the Administrative Agent the fees to which it has separately agreed.
2.4 Termination and Reduction of Commitments. (a) Each Borrower shall have the right, upon not less than three Business Days notice to the Administrative Agent, to terminate all Commitments and this Agreement, except with respect to provisions which by their terms are expressly stated to survive termination, with respect to such Borrower. Any termination of all Commitments to a Borrower shall be effective as of the last day of the calendar quarter in which such notice is given (or, if effected in connection with a merger permitted under Section 6.5, on the effective date of such merger), and shall be accompanied by prepayment in full of the Loans to such Borrower then outstanding, and payment of such Borrowers Pro Rata Allocation of (i) any accrued Commitment Fees payable by such Borrower hereunder and (ii) any other accrued fees, expenses or indemnified liabilities payable by such Borrower hereunder. The amount of the Aggregate Commitment shall not be affected by any Borrowers termination. Prior to such termination, Columbia Management shall notify the Administrative Agent in writing as to the Pro Rata Allocations of the remaining Borrowers, effective as of the termination, which notice shall constitute a representation and warranty by each of the remaining Borrowers that no Event of Default has occurred and is continuing with respect to each Borrower whose Pro Rata Allocation has been increased.
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(b) Interest accrued on the amount of any prepayment relating to such termination and any unpaid Commitment Fee accrued hereunder shall be paid on the date of such termination.
(c) Upon the effective date of such termination, the terminating Borrower shall no longer be obligated to pay Commitment Fees hereunder or any share of any other fees, expenses, or indemnified liabilities that may accrue thereafter.
(d) The Borrowers shall have the right, upon not less than three Business Days notice to the Administrative Agent, to reduce the Aggregate Commitment. Any such reduction shall be accompanied by prepayment in full of the Loans to the Borrowers then outstanding that are in excess of the Aggregate Commitment as reduced.
(e) The Administrative Agent shall provide each Lender with prompt notice of any Commitment changes pursuant to this Section 2.4.
2.5 Repayment of Loans; Evidence of Debt. (a) Each Borrower hereby severally and unconditionally, but not jointly or jointly and severally, promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan of such Lender to such Borrower on the Maturity Date for such Loan (or such earlier date on which the Loans become due and payable pursuant to Section 2.4(a), 2.4(d), 2.6(b) or 7). Each Borrower hereby further severally, but not jointly or jointly and severally, agrees to pay to the Administrative Agent for the account of each Lender interest on the unpaid principal amount of the Loans to such Borrower from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.7.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of each Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain the Register pursuant to Section 9.6(d), and a subaccount therein for each Lender, in which shall be recorded (i) the amount of each Loan made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any principal or interest and any other payments received by the Administrative Agent hereunder from each Borrower and each Lenders share thereof. The Administrative Agent shall provide a copy of the Register to each Borrower promptly upon request.
(d) The entries made in the Register and the accounts of each Lender maintained pursuant to Section 2.5(b) shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations of the Borrowers therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of any Borrower to repay (with applicable interest) the Loans made to such Borrower by such Lender in accordance with the terms of this Agreement. In the event of a conflict between the Register and such accounts, the Register shall be rebuttably presumed to be correct.
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(e) Each Registrant agrees that, upon the request of any Lender to the Administrative Agent, such Registrant will execute and deliver to such Lender a promissory note evidencing the Loans of such Lender to its applicable Borrower substantially in the form of Exhibit 2.5(e) with appropriate insertions as to date and principal amount (a Revolving Credit Note).
(f) The obligations of each Borrower under its Notes and this Agreement shall be several and neither joint nor joint and several. Notwithstanding anything to the contrary contained in this Agreement, the parties hereto acknowledge and agree that the sole source of payment of the obligations of each Borrower hereunder, including, without limitation, the principal of and interest on each Loan made hereunder to any Borrower, the Commitment Fee payable pursuant to Section 2.3 and any other amounts attributable to the Loans made hereunder to any Borrower shall be the revenues and assets of such Borrower, and not the revenues and assets of any other Borrower (except as provided in Section 9.5(f)) or the revenues and assets of the respective Registrant acting on behalf of a Borrower (except to the extent of the revenues and assets of such Borrower).
2.6 Optional and Mandatory Prepayments. (a) Each Borrower may prepay the Loans made to it, in whole or in part, without premium or penalty, upon at least one Business Days notice to the Administrative Agent, specifying the date and amount of prepayment. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein. Partial prepayments shall be in an aggregate principal amount of at least $100,000.
(b) If, at any time and from time to time, either (i) (x) for each Borrower other than Designated Borrowers, the Asset Coverage Ratio for such Borrower shall be less than 300%, or (y) for each Designated Borrower, the Asset Coverage Ratio shall be less than the Designated Borrower Asset Coverage Ratio Percentage for such Designated Borrower, or (ii) the aggregate amount of all borrowings of a Borrower (including without limitation the Loans made to a Borrower) then outstanding exceeds the borrowing limits provided in such Borrowers Prospectus; then in each case within three Business Days thereafter such Borrower shall repay Loans made to such Borrower to the extent necessary to ensure that (x) the Asset Coverage Ratio of all borrowings of such Borrower after such payments is in compliance with applicable covenants concerning minimum Asset Coverage Ratios set forth in this Agreement and (y) the aggregate amount of all borrowings made to such Borrower then outstanding does not after such payments exceed such limits, as the case may be.
2.7 Interest Rates and Payment Dates. (a) Each Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
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(b) Upon (i) the occurrence and continuance of any Event of Default specified in Section 7(e) with respect to a Borrower or (ii) notice given by the Administrative Agent or the Required Lenders to the Borrower of any other Event of Default, all Loans outstanding to such Borrower shall bear interest at a rate per annum which is the rate that would otherwise be applicable thereto pursuant to the provisions of Section 2.7(a), plus 2%. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable thereon or (iii) any Commitment Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin plus 2% from the date of such non-payment until such amount is paid in full. For the avoidance of doubt, the parties hereby agree that the maximum amount of interest payable on the principal amount of any Loan pursuant to this Section 2.7 shall not exceed the sum of the Federal Funds Rate plus the Applicable Margin plus 2%.
(c) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to the second sentence of paragraph (b) of this Section 2.7 shall be payable from time to time on demand.
2.8 Computation of Interest and Fees. (a) Commitment Fees and interest shall be calculated on the basis of a 360-day year for the actual days elapsed. Any change in the interest rate on a Loan resulting from a change in the Federal Funds Rate shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrowers and the Lenders in writing of the effective date and the amount of each such change in interest rate.
(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on each Borrower and the Lenders in the absence of manifest error.
2.9 Pro Rata Treatment and Payments. (a) Each borrowing by a Borrower from the Lenders hereunder (except as set forth in Section 2.2(b)) shall be made pro rata according to the respective Commitment Percentages of the Lenders that are obligated to lend to such Borrower and any reduction of the Commitments of the Lenders shall be made pro rata according to the respective Commitment Percentages of the Lenders. Each payment by a Borrower on account of any Commitment Fee hereunder shall be made pro rata according to the respective Available Commitments of the Lenders. Each payment (including each prepayment) by a Borrower on account of principal of and interest on the Loans shall be made pro rata according to the respective outstanding principal amounts of the Loans of such Borrower then held by the Lenders. All payments (including prepayments) to be made by a Borrower hereunder, whether on account of principal, interest, fees or otherwise, shall be made no later than 12:00 Noon New York City time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the Administrative Agents office specified in Section 9.2, in Dollars, in immediately available funds and without set-off, counterclaim or deduction of any kind (other than deductions expressly permitted by this Agreement). The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. If any payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
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(b) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount that would constitute its Commitment Percentage of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make available to a Borrower a corresponding amount. If such amount is not made available by a Lender to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the daily average Federal Funds Rate for the period commencing with such Borrowing Date until such Lender makes such amount immediately available to the Administrative Agent (it being understood that none of the Borrowers shall be obligated to repay any such interest paid by the non-funding Lender). A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this Section shall be conclusive in the absence of manifest error. If such Lenders Commitment Percentage of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon from the date of borrowing at the rate per annum applicable to Loans hereunder, on or before three Business Days following demand therefor, from the relevant Borrower (and such Borrower may borrow under the Commitments or under the Swing Line Commitment to satisfy such demand; provided that, for purposes of determining the Available Commitment, the Commitment of any non-funding Lender shall be excluded). The Administrative Agent shall request of each Lender other than the non-funding Lender that it fund the non-funding Lenders defaulted Commitment (each such other Lender having no commitment or obligation so to fund in excess of its Commitment), and if such funding does not occur the Administrative Agent shall use its reasonable efforts to obtain funding of such defaulted Commitment from third-party lenders.
2.10 Requirements of Law. (a) If any Lender shall have reasonably determined that any Change in Law regarding capital or liquidity requirements or capital adequacy shall have the effect of reducing the rate of return on such Lenders or such corporations capital as a consequence of its obligations hereunder to a level below that which such Lender or such corporation could have achieved but for such Change in Law (taking into consideration such Lenders or such corporations reasonable policies with respect to capital adequacy) by an amount determined by such Lender to be material, then from time to time, each Borrower shall promptly pay to such Lender such additional amount or amounts as will reasonably compensate such Lender for such reduction. Change in Law means (a) the adoption of any law, rule or regulation after the date of this Agreement by any Governmental Authority, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender (or, for purposes of this Section 2.10(a), by any lending office of such Lender or by such Lenders holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement. Notwithstanding
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anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated by any relevant Government Authority thereunder or issued in connection therewith shall be deemed to be a Change in Law, regardless of the date enacted, adopted or issued, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or any relevant Government Authority, in each case pursuant to Basel III, shall in each case be deemed to be a Change in Law regardless of the date enacted, adopted, issued or implemented.
(b) If any Lender becomes entitled to claim, and determines that it will collect from the Borrowers, any additional amounts pursuant to this Section, it shall promptly notify the Borrowers (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled by providing a certificate setting forth in reasonable detail the basis for the claim for additional amounts, the amounts required to be paid by the Borrowers to such Lender, and the computations made by such Lender to determine the amounts; provided that such Lender shall not be required to disclose any confidential information. Such certificate as to any additional amounts payable pursuant to this Section submitted by such Lender to the Borrowers (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The agreements in this Section shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. No Borrower shall be responsible to compensate such Lender for additional amounts attributable to another Borrowers Loans.
(c) Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lenders right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions incurred more than 45 days prior to the date that such Lender notifies the Borrowers of the change in the Requirement of Law giving rise to such increased costs or reductions and of such Lenders intention to claim compensation therefor; provided further that, if the change in the Requirement of Law giving rise to such increased costs or reductions is retroactive, then the 45-day period referred to above shall be extended to include the period of retroactive effect thereof.
(d) Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.10(a) with respect to such Lender, it will, if requested by the Borrowers, use reasonable efforts (subject to overall policy considerations of such Lender) to avoid or mitigate any additional amounts payable to the greatest extent practicable (including transferring the Loans affected by such event to another lending office), unless in the opinion of such Lender, such efforts would result in such Lender (or its lending office) suffering an economic, legal or regulatory disadvantage. Nothing in this clause (d) shall affect or postpone any of the obligations of the Borrowers or the right of any Lender provided in this Section 2.10.
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(e) The agreements in this Section shall survive termination of the Commitments, this Agreement and repayment of the Loans and all amounts payable hereunder.
2.11 Taxes. (a) All payments made by any Borrower under this Agreement and any Notes shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding (i) all present and future income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the Administrative Agent or any Lender as a result of a present or former connection between the Administrative Agent or such Lender and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from the Administrative Agent or such Lender having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or any Note), (ii) any tax imposed by reason of any present or former connection between the jurisdiction imposing such tax and a Lender other than a connection arising from such Lender having executed, delivered or performed its obligations under, or received payment under, or enforced this Agreement, (iii) any tax that is imposed otherwise than by withholding by the Borrowers from such payments (other than a tax imposed on a Lender due to the Borrowers failure to deduct or withhold such tax), and any interest, penalties (unless due to a Lenders actions or failure to take actions that (x) were not caused by a Borrower and (y) are legally required to avoid such penalty) or similar liabilities with respect thereto, or (iv) any U.S. federal withholding taxes imposed under FATCA. If any such non-excluded taxes, levies, imposts, duties, charges, fees deductions or withholdings (Non-Excluded Taxes) are required to be withheld from any amounts payable to the Administrative Agent or any Lender hereunder or under any Note, the amounts so payable to the Administrative Agent or such Lender shall be increased to the extent necessary to yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement, provided, however, that a Borrower shall not be required to increase any such amounts payable to any Lender that is organized under the laws of a jurisdiction outside the United States of America if such Lender fails to comply with the requirements of paragraph (c) of this Section. Whenever any Non-Excluded Taxes are payable by a Borrower, as promptly as possible thereafter such Borrower shall send to the Administrative Agent for its own account or for the account of such Lender, as the case may be, a certified copy of an original official receipt received by such Borrower showing payment thereof. If a Borrower fails to pay any Non-Excluded Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, such Borrower shall indemnify the Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any such failure. The agreements in this Section shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.
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(b) If a Borrower pays any additional amount pursuant to this Section 2.11 to a Lender and such Lender determines in good faith, that it has actually received or realized in connection therewith any refund or any reduction of, or credit against, its Non-Excluded Tax liabilities in or with respect to the taxable year in which the additional amount is paid (a Tax Benefit), such Lender shall pay to such Borrower an amount that such Lender shall, in good faith, determine is equal to the net benefit, after tax, which was obtained by such Lender in such year as a consequence of such Tax Benefit, provided, however, that (i) any Lender may determine, in good faith, consistent with the policies of such Lender, whether to seek a Tax Benefit (provided that a Lender shall claim a Tax Benefit if it determines in good faith that claiming such Tax Benefit will not otherwise be disadvantageous to such Lender); (ii) any Non-Excluded Taxes that are imposed on a Lender as a result of a disallowance or reduction (including through the expiration of any tax credit carryover or carryback of such Lender that otherwise would not have expired) of any Tax Benefit with respect to which such Lender has made a payment to a Borrower pursuant to this Section 2.11(b) shall be treated as a Non-Excluded Tax for which such Borrower is obligated to indemnify such Lender pursuant to this Section 2.11; (iii) nothing in this Section 2.11(b) shall require any Lender to disclose any confidential information to any Borrower (including, without limitation, its tax returns); and (iv) no Lender shall be required to pay any amounts pursuant to this Section 2.11(b) at any time during which a Default or Event of Default has occurred and is continuing. Any payment (or determination that no payment is due) by a Lender with respect to a Tax Benefit pursuant to this Section 2.11 shall be accompanied by a schedule reasonably detailing the calculations for determining the amount of the Tax Benefit, provided, however, that no Lender shall be required to substantiate the basis of its calculations.
(c) Each Lender shall:
(i) deliver to Columbia Management and the Administrative Agent prior to any payments being made under this Agreement or the Notes (A) if such Lender is organized under the laws of a jurisdiction outside the United States of America, two duly completed copies of United States Internal Revenue Service Form W-8BEN-E, Form W-8IMY or Form W-8ECI, or successor applicable forms, appropriate for such Lender, or (B) if such Lender is organized under the laws of a jurisdiction within the United States of America, an Internal Revenue Service Form W-9, or successor form;
(ii) deliver to Columbia Management and the Administrative Agent two further properly completed copies of any such form or certification on or before the date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring a change in the most recent form previously delivered by it to Columbia Management; and
(iii) obtain such extensions of time for filing and complete such forms or certifications as may reasonably be requested by Columbia Management or the Administrative Agent;
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unless in any such case an event (including, without limitation, any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such Lender from lawfully completing and delivering any such form with respect to it and such Lender so advises Columbia Management and the Administrative Agent. Such Lender shall certify (A) in the case of a Form W-8BEN-E, Form W-8IMY or Form W-8ECI, that it is entitled to receive payments under this Agreement without deduction or withholding of any United States federal income taxes and (B) in the case of a Form W-9, that it is entitled to an exemption from United States backup withholding tax. Each Person that shall become a Lender or a Participant pursuant to Section 9.6 shall, upon the effectiveness of the related transfer, be required to provide all of the forms and statements required pursuant to this Section, provided that in the case of a Participant such Participant shall furnish all such required forms and statements to the Lender from which the related participation shall have been purchased. If a payment made to any Lender or the Administrative Agent under this Agreement or any Notes would be subject to U.S. federal withholding tax imposed by FATCA if such Lender or the Administrative Agent were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender or the Administrative Agent shall deliver to the Borrowers and the Administrative Agent at the time or times prescribed by Applicable Law and at such time or times reasonably requested by the Borrowers or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrowers or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender or the Administrative Agent has or has not complied with such Lenders or the Administrative Agents obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this Section 2.11(c), FATCA shall include any amendments made to FATCA after the date of this Agreement.
(d) For purposes of determining withholding taxes imposed under FATCA, from and after the Closing Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Agreement as not qualifying as a grandfathered obligation within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
(e) The agreements in this Section shall survive termination of the Commitments, this Agreement and repayment of the Loans and all amounts payable hereunder.
2.12 Change of Lending Office; Replacement of Lender. (a) Each Lender agrees that if it makes any demand for payment under Section 2.10, or any additional amounts are payable under Section 2.11, it will use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions and so long as such efforts would not be disadvantageous to it, as determined in its sole discretion) to designate a different lending office if the making of such a designation would reduce or obviate the need for a Borrower to make payments under Section 2.10 or payment of additional amounts under Section 2.11.
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(b) If any Lender (the Replaced Lender) (i) shall have required compensation pursuant to Section 2.10, or payment of additional amounts under Section 2.11, or (ii) is a Defaulting Lender, the Borrowers shall have the right, with the consent of the Administrative Agent (which shall not be unreasonably withheld), to substitute such Replaced Lender with an Eligible Lender whose compensation requirements, if any, in respect of such sections are less than those of the Replaced Lender (such Eligible Lender, a Replacement Lender) satisfactory to the Borrowers (which may be one or more of the other then existing Lenders if they, in their sole discretion, elect to become such Replacement Lender) to assume the Commitment of such Replaced Lender and to purchase the Notes held by such Replaced Lender, if any, for an amount equal to the principal of, and accrued and unpaid interest on, such Notes, together with the fee specified in Section 9.6(e) and any other costs reasonably incurred by such Replaced Lender in connection with its sale of such Notes and the assignment of such Commitment (without recourse to or warranty by such Replaced Lender and subject to all amounts due and owing to such Lender under this Agreement having been paid in full). Upon the exercise of such right by the Borrowers and the satisfaction of such conditions thereto, such Replaced Lender shall convey its interest to the Replacement Lender in accordance with the procedures set forth in Section 9.6(c).
2.13 Swing Line Commitment. Subject to the terms and conditions hereof, each Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (Swing Line Loans) to such Borrower in an aggregate principal amount not to exceed at any one time outstanding such Swing Line Lenders Swing Line Commitment; provided, however, that the Swing Line Loans outstanding at any time, when aggregated with such Swing Line Lenders other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lenders Commitment then in effect; and provided further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the Aggregate Commitment (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin. In no event shall any Lender be obligated to make Revolving Credit Loans or Swing Line Loans if it would cause the sum of the aggregate principal amount of such Lenders Revolving Credit Loans, Swing Line Participation Amounts and Swing Line Loans to exceed such Lenders Commitment.
2.14 Procedure for Swing Line Borrowing. Whenever a Borrower desires that the Swing Line Lenders make Swing Line Loans under Section 2.13, the Borrower (or the applicable Registrant of which it is a series) shall give the Swing Line Agent irrevocable telephonic notice confirmed promptly in writing, by facsimile or other mutually acceptable electronic transmission medium, to the attention of:
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JPMorgan Chase Bank, N.A.
500 Stanton Christiana Rd.
NCC5 / 1st Floor
Newark, DE 19713
Attention: Loan & Agency Services Group
Tel: 13026341027
Fax: (302) 634-4733
Email: himran.aziz@chase.com
or such other person or persons which may be designated by the Swing Line Agent from time to time (which telephonic notice must be received by the Swing Line Agent not later than 4:00 P.M., New York City time, on the proposed Borrowing Date, and which written confirmation must be received by the Swing Line Agent on the proposed Borrowing Date in form and substance satisfactory to the Swing Line Agent), specifying the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $250,000 or an integral multiple of $100,000 in excess thereof. Upon receipt of any such notice from a Borrower (or the applicable Registrant), the Swing Line Agent shall promptly notify the Administrative Agent thereof, and the Administrative Agent shall promptly notify the Swing Line Lenders thereof. Upon receipt of notice of a request for a Swing Line Loan from the Administrative Agent, each Swing Line Lender shall make its Swing Line Pro Rata Share of such borrowing available to such Borrower, on the Borrowing Date requested by such Borrower, by transferring such amount by wire or book entry to the account of such Borrower such Swing Line Loan in immediately available funds.
2.15 Refunding of Swing Line Loans. (a) Either the Swing Line Agent or the Administrative Agent, at any time in its sole and absolute discretion may, and on the seventh day (or if such day is not a Business Day, the next Business Day following the seventh day) after the Borrowing Date with respect to any Swing Line Loans to a Borrower shall, on behalf of such Borrower (and each Borrower hereby irrevocably directs the Swing Line Agent and Administrative Agent to so act on its behalf and with respect to such Borrower), upon notice given by the Swing Line Agent to the Administrative Agent, or by the Administrative Agent, no later than 10:00 A.M., New York City time, on the relevant refunding date, request each Lender to make, and, subject to Section 2.2(b), each Lender hereby agrees to make, a Revolving Credit Loan to such Borrower, at the rate applicable to the Swing Line Loans of such Borrower, in an amount equal to such Lenders Commitment Percentage of the amount of such Swing Line Loans of such Borrower (the Refunded Swing Line Loans) outstanding on the date of such notice, to repay the Swing Line Lenders. Each Lender shall make the amount of such Revolving Credit Loan available to the Administrative Agent at its office set forth in Section 9.2 in immediately available funds, no later than 1:00 P.M., New York City time, on the date of such notice. The proceeds of such Revolving Credit Loans shall be distributed by the Administrative Agent to the Swing Line Lenders and immediately applied by the Swing Line Lenders to repay the Refunded Swing Line Loans. Effective on the day such Revolving Credit Loans are made, the portion of the Swing Line Loans so paid shall no longer be outstanding as Swing Line Loans. Notwithstanding any provision hereof to the contrary, if prior to the seventh day (or if such day is not a Business Day, the next Business Day following such seventh day) after the Borrowing Date with respect to any Swing Line Loan, any Swing Line Lender lending such Swing Line Loan requests the refunding of such Swing Line Loan as described in the first sentence above, the Administrative Agent shall effect the refunding of all outstanding Swing Line Loan as described above.
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(b) The making of any Swing Line Loan hereunder at the request of a Borrower shall be subject to the satisfaction of the applicable conditions precedent thereto set forth in Section 4 (unless otherwise waived in accordance with Section 9.1).
(c) If prior to the making of a Revolving Credit Loan to a Borrower pursuant to Section 2.15(a) one of the events described in paragraph (e) of Section 7 shall have occurred with respect to such Borrower, each Lender severally, unconditionally and irrevocably agrees that it shall purchase a participating interest in the applicable Swing Line Loans (Unrefunded Swing Line Loans) in an amount equal to the amount (if any) of Revolving Credit Loans which would otherwise have been made by such Lender pursuant to Section 2.15(a). Each Lender will immediately transfer to the Administrative Agent, in immediately available funds, the amount of its participation (the Swing Line Participation Amount), and the proceeds of such participation shall be distributed by the Administrative Agent to the Swing Line Lenders in such amount as will reduce the amount of the participating interest retained by the Swing Line Lenders in their Swing Line Loans to the amount of the Revolving Credit Loans which were to have been made by it pursuant to Section 2.15(a).
(d) Whenever, at any time after any Swing Line Lender has received from any Lender such Lenders Swing Line Participation Amount, such Swing Line Lender receives any payment on account of the Swing Line Loans, such Swing Line Lender will distribute to such Lender its Swing Line Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lenders participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Lenders pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on all Swing Line Loans then due); provided, however, that in the event that such payment received by such Swing Line Lender is required to be returned, such Lender will return to such Swing Line Lender any portion thereof previously distributed to it by such Swing Line Lender.
(e) Each Lenders obligation to make the Revolving Credit Loans referred to in Section 2.15(a) and to purchase participating interests pursuant to Section 2.15(c) shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against any Swing Line Lender or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Section 4; (iii) any adverse change in the condition (financial or otherwise) of any Borrower; (iv) any breach of this Agreement or any other Loan Document by any Borrower or any Lender; or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing, other than solely the gross negligence or willful misconduct of the Swing Line Lender in making a Swing Line Loan with actual knowledge by the officer responsible for the making of such Swing Line Loan that such Swing Line Loan is made without satisfaction of the applicable conditions precedent thereto set forth in Section 4 and without a waiver in accordance with Section 9.1.
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(f) Each Borrower agrees to pay upon demand by any Swing Line Lender any Swing Line Loan made to such Borrower, or portion thereof, which is not refunded by the Lenders pursuant to this Section 2.15 (and such Borrower may borrow a Revolving Credit Loan under the Commitments to satisfy such demand; provided that, for purposes of determining the Available Commitment, the Commitment of any non-refunding Lender shall be excluded). Notwithstanding anything to the contrary contained in this Agreement, any Lender that fails to make available a Revolving Credit Loan pursuant to Section 2.15(a) or purchase a participating interest in a Swing Line Loan pursuant to Section 2.15(c) shall be deemed delinquent (a Delinquent Lender) and to the extent a Borrower subsequently repays any outstanding Revolving Credit Loans, the Delinquent Lenders pro rata share of such repayment, if any, shall be paid by the Administrative Agent to the Swing Line Lenders, until the Delinquent Lenders pro rata share of such Swing Line Loan is repaid in full.
2.16 Designation of Additional Borrowers; Amendments to Schedule I. (a) Other series of the Registrants and other series of other investment companies registered under the 1940 Act, in either case for which Columbia Management or a Subsidiary of Columbia Management acts as the investment manager, may, with the prior written consent of the Administrative Agent, each Lender and each Fund, become parties to this Agreement in addition to those Borrowers listed on Schedule I, and be deemed Borrowers for all purposes of this Agreement by executing an instrument substantially in the form of Exhibit 2.16(a) (with such changes therein as may be approved by the Administrative Agent and the Lenders), which instrument shall (x) have attached to it a copy of this Agreement (as the same may have been amended) with a revised Schedule I and, if applicable, Schedule Ia, reflecting the participation of such additional portfolio or investment company, including (if the Administrative Agent deems it appropriate that the additional Borrower be a Designated Borrower) the appropriate Designated Borrower Asset Coverage Ratio Percentage as determined by the Administrative Agent, and any prior revisions to Schedule I and Schedule Ia effected in accordance with the terms hereof and (y) be accompanied by the documents and instruments required to be delivered by the Borrowers pursuant to Section 4.1, including, without limitation, an opinion of general counsel for the Borrowers in a form acceptable to the Administrative Agent.
(b) No Person shall be admitted as a party to this Agreement as a Borrower unless at the time of such admission and after giving effect thereto: (i) the representations and warranties set forth in Section 3 shall be true and correct with respect to such Borrower; (ii) such Borrower shall be in compliance in all material respects with all of the terms and provisions set forth herein on its part to be observed or performed at the time of the admission and after giving effect thereto; and (iii) no Default or Event of Default with respect to such Borrower shall have occurred and be continuing. The addition of any Borrower to this Agreement shall be further conditioned upon the delivery, to the extent requested by the Administrative Agent or any Lender, to the Administrative Agent or such Lender, as applicable, a Form FR U-1 executed by the applicable Registrant on behalf of such Borrower, together with a current list of assets of such Borrower (including all margin stock (as defined in Regulation U) of such Borrower) in conformity with the requirements of Form FR U-1.
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2.17 Interfund Lending. (a) Notwithstanding anything in this Agreement to the contrary (including, without limitation, Sections 6.2, 6.3 and 6.8), Interfund Lending shall be expressly permitted hereunder, and the mere making or receipt of an Interfund Loan in and of itself shall not, with respect to any Borrower a party thereto (as a lender or a borrower), constitute a violation of any condition precedent, representation or covenant contained herein or constitute a Default or Event of Default; provided that all other terms and conditions of this Agreement are satisfied, and provided further, that:
(i) such Interfund Lending (1) is not otherwise prohibited by law, (2) has been duly authorized by each party thereto, (3) is consistent with the terms of the applicable Interfund Lending Exemptive Order, (4) is not in contravention of each applicable Borrowers Prospectus, and (5) is deemed to be a Senior Security for purposes of calculating the Asset Coverage Ratio as it applies to each applicable Borrower;
(ii) a Borrower may not be a lender of an Interfund Loan at any time during which such Borrower has any Loan outstanding;
(iii) if, at any time, an Interfund Loan is outstanding to a Borrower that has any Loans outstanding as well, and if at such time the Asset Coverage Ratio for such Borrower shall be less than the required Asset Coverage Ratio for such Borrower pursuant to this Agreement, then such Borrower shall repay such outstanding Interfund Loans and Loans on a pro rata basis and on the same repayment schedule (subject, in any and all events, to such Borrowers obligation to prepay in accordance with Section 2.6(b)) to the extent necessary to ensure that the Asset Coverage Ratio of all borrowings of such Borrower after such payments is in compliance with applicable covenants concerning minimum Asset Coverage Ratios set forth in this Agreement;
(iv) if any payment with respect to an Interfund Loan would cause the Asset Coverage Ratio for a Borrower to be less than the required Asset Coverage Ratio for such Borrower pursuant to this Agreement, then such Borrower shall make any payments with respect to such outstanding Interfund Loans on a pro rata basis with payments with respect to Loans to the extent necessary to ensure that the Asset Coverage Ratio of all borrowings of such Borrower after such payments is in compliance with applicable covenants concerning minimum Asset Coverage Ratios set forth in this Agreement;
(v) a default by a Borrower with respect to an Interfund Loan shall constitute an Event of Default with respect to such Borrower for purposes of this Agreement;
(vi) if a Default or Event of Default with respect to a Borrower has occurred and is continuing under this Agreement other than as specified above in Section 2.17(a)(iii), then any payments made with respect to outstanding Interfund Loans shall be made on a pro rata basis with payments with respect to Loans until such Default or Event of Default is cured or waived;
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(vii) if at any time a Borrower should secure an Interfund Loan or Interfund Loans with collateral, then such Borrower shall collateralize each Loan to such Borrower under this Agreement (I) in substantially the same manner and to substantially the same extent as is required with respect to each Interfund Loan to such Borrower, as more particularly described in the applicable Interfund Lending Exemptive Order and (II) with collateral having substantially the same liquidity and substantially similar credit characteristics as that of the collateral securing such Interfund Loan or Interfund Loans, provided that the collateral coverage percentage ratio for Loans shall not be less than the greater of (x) 102% or (y) the collateral coverage ratio for Interfund Loans; and
(viii) for purposes of calculating the Asset Coverage Ratio of a Borrower, the amount equal to the aggregate value of the collateral securing an Interfund Loan or Loan minus the amount of such Interfund Loan or Loan, respectively, shall be subtracted from the value of Total Assets in the numerator of such Asset Coverage Ratio.
(b) Without otherwise limiting the purposes for which proceeds of a Loan may be used as specified in Section 5.8, a Borrower shall be expressly permitted to use the proceeds of a Loan to repay an outstanding Interfund Loan of such Borrower, subject to the conditions set forth in paragraph (a) of this Section 2.17 and the other conditions of this Agreement (including without limitation Section 5.8).
2.18 Defaulting Lender. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:
(i) The Commitment Fee shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender;
(ii) The Credit Exposure and Available Commitment of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.1); provided, that (i) such Defaulting Lenders Commitment may not be increased or extended without its consent and (ii) the principal amount of, or interest payable on, Loans of such Defaulting Lender may not be reduced or excused or the scheduled date of payment may not be postponed as to such Defaulting Lender without such Defaulting Lenders consent;
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(iii) If any Swing Line Exposure exists at the time such Lender becomes a Defaulting Lender, then:
(a) all or any part of the Swing Line Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Commitment Percentages, provided that such reallocation does not cause the aggregate Credit Exposure of any non-Defaulting Lender to exceed its Commitment; and
(b) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the applicable Borrowers shall, within two Business Days following notice by the Administrative Agent, prepay such Swing Line Exposure;
(iv) so long as such Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loan unless it is satisfied that the related exposure will be 100% covered by the Commitments of the non-Defaulting Lenders, and participating interests in any newly made Swing Line Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.18(iii)(a) (and such Defaulting Lender shall not participate therein).
(v) If a Swing Line Lender has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, such Swing Line Lender shall not be required to fund any Swing Line Loan unless such Swing Line Lender shall have entered into arrangements with the Borrower or such Lender, satisfactory to such Swing Line Lender to defease any risk to it in respect of such Lender hereunder.
(vi) In the event that the Administrative Agent, the Borrowers and the Swing Line Lender all agree that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swing Line Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lenders Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Commitment Percentage.
SECTION 3. REPRESENTATIONS AND WARRANTIES
To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans, each Registrant, on behalf of each Borrower that is a series thereof, hereby represents and warrants to the Administrative Agent and each Lender that (it being agreed that each Registrant represents and warrants only to matters with respect to itself, if applicable, and each Borrower that is a series thereof):
3.1 Financial Condition. For each Borrower, the statement of assets and liabilities as of such Borrowers most recently ended fiscal year for which annual reports have been prepared and the related statements of operations and of changes in net assets for the fiscal year ended on such date, copies of which financial statements, certified by the independent public accountants for such Borrower, have heretofore been delivered to each Lender, fairly present, in all material respects, the financial position of such Borrower as of such date and the results of its operations for such period, in conformity with GAAP (as consistently applied).
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3.2 No Change. For each Borrower, since the date of the statement of assets and liabilities for the most recently ended fiscal year for which annual reports have been prepared for such Borrower (such date, the Reporting Date), there has been no development or event which has had or could reasonably be expected to have a Material Adverse Effect with respect to such Borrower.
3.3 Existence; Compliance with Law. Each Registrant (a) is duly organized, validly existing and in good standing, under the laws of the jurisdiction of its organization, (b) has the corporate power and authority as to those Registrants that are organized as corporations, and the trust power and authority as to those Registrants that are organized as trusts; and in each case the legal right to own its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign corporation or business trust and, if a corporation, is in good standing under the laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification and (d) is in compliance with all Requirements of Law (including without limitation the 1940 Act and the Securities Act), except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of each Fund have been validly authorized.
3.4 Power; Authorization; Enforceable Obligations. Each Registrant, acting on its own behalf and if applicable on behalf of each of its underlying series that is a Borrower, has either (i) the corporate power and authority to the extent that it is organized as a corporation or (ii) the trust power and authority to the extent that it is organized as a trust, and in each case the legal right, to execute, deliver and perform the Loan Documents to which it is a party and to borrow hereunder on behalf of each of its underlying series that is a Borrower, and has taken all necessary action to authorize the borrowings on the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery and performance of the Loan Documents to which it is a party including, but not limited to, receiving the approval of the majority of independent members of the board of trustees or board of directors of each of its underlying series as to entering into the transactions contemplated hereby. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the borrowings hereunder or with the execution, delivery, performance, validity or enforceability of the Loan Documents to which such Registrant, on behalf of its underlying series which are Borrowers, is a party; provided that any filings made in connection with complying with the Investment Company Act of 1940 or the forms adopted thereunder will not result in a breach of this representation. This Agreement has been, and each other Loan Document to which a Registrant is a party will be, duly executed and delivered by such Registrant, on behalf of its underlying series that are Borrowers. This Agreement constitutes, and each other Loan Document to which a Registrant is a party when executed and delivered will constitute, a legal, valid and binding obligation of such Registrant (on behalf of each of its underlying series that is a Borrower) enforceable against such Registrant (on behalf of each of its underlying series that is a Borrower) in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).
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3.5 No Legal Bar. The execution, delivery and performance of the Loan Documents to which each Registrant, on behalf of each of its series that is a Borrower, is a party, the borrowings hereunder and the use of the proceeds thereof (i) will not violate any material Requirement of Law (including, without limitation, the 1940 Act) or material Contractual Obligation of such Registrant or any Borrower and (ii) will not result in, or require, the creation or imposition of any material Lien on any of their respective material properties or revenues pursuant to any such Requirement of Law or Contractual Obligation.
3.6 No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of each Registrant on behalf of its respective series which are Borrowers, threatened by or against such Borrowers or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.
3.7 No Default. No Registrant or Borrower is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.
3.8 Ownership of Property; Liens. Each Registrant on behalf of its respective series which are Borrowers, has good title to all its property, and none of such property is subject to any Lien except as permitted by Section 6.3.
3.9 No Burdensome Restrictions. There exists no Requirement of Law or Contractual Obligation of any Registrant or any Borrower which could reasonably be expected to have a Material Adverse Effect.
3.10 Taxes. Each Borrower has filed all material tax returns which, to the knowledge of such Borrower, are required to be filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of such Borrower); no material tax Lien has been filed, and, to the knowledge of such Borrower, no claim is being asserted, with respect to any such tax, fee or other charge.
3.11 Federal Regulations. Other than the furnishing of the statement and list referred to in the last sentence of Section 5.8, no filing or other action is required under the provisions of Regulations T, U or X in connection with the execution and delivery of this Agreement and the other Loan Documents and the making of the Loans hereunder. No part of the proceeds of any Loans made hereunder will be used in a manner that violates Regulation U.
3.12 ERISA. Neither any Registrant, any Borrower nor any Commonly Controlled Entity has currently or has had at any time any liability or obligation under ERISA or the Code with respect to any Plan maintained by any of them that could reasonably be expected to have a Material Adverse Effect.
3.13 Certain Regulations. Neither any Registrant nor any Borrower is subject to regulation under any Federal or State statute or regulation (other than Regulations U and X) which limits its ability to incur Indebtedness, or if so subject is in compliance with such statutes and regulations.
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3.14 Subsidiaries. No Borrower that is not a Cayman Parent Borrower or a Mauritius Parent Borrower has any Subsidiaries or any equity investment or interest in any other Person (other than portfolio securities that have been acquired in the ordinary course of business). Each Cayman Parent Borrower has no Subsidiaries or any equity investment or interest in any other Person other than (i) portfolio securities that have been acquired in the ordinary course of business, and (ii) its Cayman Designated Subsidiary(ies). Each Cayman Parent Borrower holds all of the issued and outstanding shares of stock of its Cayman Designated Subsidiary(ies) and such shares are not subject to any Lien, pledge or other encumbrance except as may be permitted by Section 6.3.
3.15 Registration of the Fund. Each Registrant is a registered open-end management investment company under the 1940 Act.
3.16 Offering in Compliance with Securities Laws. Each Registrant has issued all of its securities pursuant to an effective Registration Statement on Form N-1A or as may otherwise be required by Federal and State securities laws applicable thereto in all material respects.
3.17 Investment Policies. Each Borrower is in compliance in all material respects with all of its fundamental Investment Policies.
3.18 Permission to Borrow. Each Borrower is permitted to borrow hereunder pursuant to the limits and restrictions set forth in its Prospectus.
3.19 Accuracy of Information; Electronic Information. (a) All factual information heretofore or contemporaneously furnished by or on behalf of each Fund or Registrant on behalf of its respective series which are Borrowers, in writing to the Administrative Agent or any Lender for purposes of or in connection with this Agreement or any transaction contemplated hereby (in each case, as amended, superseded, supplemented or otherwise modified with the knowledge of the Administrative Agent or such Lender) is, and all other such factual information hereafter furnished by or on behalf of such Registrant and such Borrowers to the Administrative Agent or any Lender (in each case, as amended, superseded, supplemented or otherwise modified with the knowledge of the Administrative Agent or such Lender) will be, true and accurate in every material respect on the date as of which such information is dated or certified, and to the extent such information was furnished to the Administrative Agent or such Lender heretofore or contemporaneously, as of the date of execution and delivery of this Agreement by the Administrative Agent or such Lender, and such information is not, or shall not be, as the case may be, incomplete by omitting to state any material fact necessary to make such information not misleading.
(b) Neither the Administrative Agent nor any Lender shall be liable to any Registrant or Borrower for any damages arising from its respective use of information or other materials obtained through electronic, telecommunications or other information transmission systems, which is incorrect or incomplete solely because of an
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electronic transmission error, provided that the Administrative Agent and the Lenders use reasonable industry standard-safeguards to prevent the unauthorized dissemination of such information or other materials through such electronic, telecommunications or other information transmission systems.
3.20 Affiliated Persons. (a) To the best knowledge of each Registrant, such Registrant, and if applicable each series thereof that is a Borrower, is not an affiliated person (as defined in the 1940 Act) of the Administrative Agent or any Lender, except with respect to (i) the Affected Borrowers relationship with each respective Bank-Advisor and (ii) the Referenced Borrowers (as defined below) relationship with certain BANA Entities (as defined below); provided, however, that for purposes of this Section 3.20, (A) the record ownership, without the power to vote, of five percent or more of the outstanding voting securities of any Person shall be deemed not to constitute the direct or indirect ownership of, control of, or holding with the power to vote of, such securities, and (B) securities of such Borrower held of record by the Administrative Agent or any Lender shall be deemed conclusively, absent written notice to the contrary, to be held without the power to vote such securities.
(b) Certain divisions or affiliates of Bank of America, N.A. (BANA), including U.S. Trust, the trust department of BANA (collectively, the BANA Entities) may hold record ownership of five percent or more of the outstanding voting securities of certain Borrowers (the Referenced Borrowers) in non-proprietary, trust or other fiduciary accounts (the Fiduciary Accounts) in the relevant BANA Entitys capacity as a fiduciary for the respective principals or beneficiaries of the Fiduciary Accounts. Each Registrant acting on behalf of a Referenced Borrower that is a series thereof, on behalf of such Referenced Borrower hereby represents and warrants to the Administrative Agent and each Lender that (it being agreed that such Registrant represents and warrants only to matters with respect to itself, if applicable, and each Referenced Borrower that is a series thereof) neither the 1940 Act, including without limitation Section 17(a)(4) thereof, nor any rule or regulation promulgated thereunder, prohibits the making of any Loan by Bank of America, N.A. to such Referenced Borrower.
3.21 Anti-Corruption Laws and Sanctions. Each Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by such Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and each Borrower, its Subsidiaries and their respective officers, directors and employees and to the knowledge of such Borrower, its affiliates and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions. None of (a) such Borrower, any Subsidiary of such Borrower or any of their respective directors, officers or employees, or (b) to the knowledge of such Borrower, any affiliate or agent of the Borrower or any Subsidiary of such Borrower that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person or is located, organized or resident in a Sanctioned Country. No Loan, use of proceeds of any Loan or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.
3.22 Affected Financial Institutions. No Fund or Borrower is an Affected Financial Institution.
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SECTION 4. CONDITIONS PRECEDENT
4.1 Conditions to Closing. The agreement of each Lender to enter into this Agreement is subject to the satisfaction of the following conditions precedent (it being agreed that each Registrant need only satisfy the following conditions precedent with respect to itself and if applicable each Borrower that is a series thereof):
(a) Executed Agreement. The Administrative Agent shall have received this Agreement, executed and delivered by a duly authorized officer of each Registrant on behalf of its respective Funds which are Borrowers, with a counterpart for each Lender (which, subject to Section 9.9(b), may include any Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page).
(b) Related Agreements. The Administrative Agent shall have received, with a copy for each Lender, true and correct copies, certified as to authenticity by a Responsible Officer of each Registrant, on behalf of the series thereof which are Borrowers, of (i) designation of the location where the most recent Prospectus is publicly available for each Borrower, and upon the request of any Lender, a copy of any such Prospectus, (ii) the Custody Agreement of each Registrant, with respect to each Borrower, (iii) the Investment Management Agreement of each Registrant, with respect to each Borrower, (iv) the current Statement of Additional Information for each Borrower and (v) if requested by the Lenders, designations of the locations of the most recent annual and semi-annual financial reports for each Borrower and such other documents or instruments as may be reasonably requested by the Administrative Agent, including, without limitation, a copy of any debt instrument, security agreement or other material contract to which any Borrower may be a party.
(c) Proceedings of the Registrant and the Borrowers. The Administrative Agent shall have received, with a counterpart for each Lender, a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, of the board of trustees or directors, as the case may be, of each Registrant, on behalf of the series thereof which are Borrowers, authorizing (i) the execution, delivery and performance of this Agreement and the other Loan Documents to which each Registrant, on behalf of the series thereof which are Borrowers, is a party and (ii) the borrowings contemplated hereunder, or such other resolutions as the Administrative Agent may approve, certified by a Responsible Officer of such Registrant as of the Closing Date, which certificate shall be in form and substance satisfactory to the Administrative Agent and shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect.
(d) Incumbency Certificate. The Administrative Agent shall have received, with a counterpart for each Lender, a Certificate of each Registrant, on behalf of the series thereof which are Borrowers, dated the Closing Date, as to the incumbency and signature of the officers of such Registrant executing any Loan Document executed by a Responsible Officer of such Registrant, satisfactory in form and substance to the Administrative Agent.
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(e) Organizational Documents. The Administrative Agent shall have received copies of each Registrants articles of incorporation or declaration of trust, as applicable, and Bylaws, certified as of the Closing Date as complete and correct copies thereof by a Responsible Officer of such Registrant, including without limitation those organizational documents establishing the series thereof which are Borrowers, as applicable.
(f) Legal Opinions. The Administrative Agent shall have received, with a counterpart for each Lender, the executed legal opinion of general counsel to each Registrant and each of its underlying series which is a Borrower, in a form acceptable to the Administrative Agent. Such legal opinion shall include a New York law enforceability opinion and shall cover such other matters incident to the transactions contemplated by this Agreement as the Administrative Agent or any Lender may reasonably require.
(g) Financial Information. The Administrative Agent shall have received, with a copy for each Lender, the most recent publicly available financial information of the kind described in Sections 5.1 and 5.2 of this Agreement (which includes a list of portfolio securities) for each Borrower.
(h) Termination of other Credit Facilities. All credit facilities between the Lenders and any Borrower, other than the credit facility evidenced by this Agreement, shall have been terminated.
(i) KYC. Following its request therefor, each Lender shall have received the documentation and other information that is required by regulatory authorities under applicable know your customer and anti-money-laundering rules and regulations, including, without limitation, the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).
4.2 Conditions to Each Loan. The agreement of each Lender to make any Loan requested by a particular Registrant on behalf of any of its respective Funds, to be made by it on any date (including, without limitation, its initial Loan) is subject to the satisfaction of the following conditions precedent:
(a) Representations and Warranties. Each of the representations and warranties (other than the representations and warranties contained in Section 3.2) made by a Registrant, on its own behalf and on behalf of each series thereof which is a Borrower, in or pursuant to the Loan Documents shall be true and correct in all material respects (or, in the case of such representations and warranties that are already qualified by materiality, in all respects) on and as of such date as if made on and as of such date.
(b) No Default. No Default or Event of Default shall have occurred with respect to the requesting Registrant, on its own behalf or on behalf of the series thereof which is a Borrower, and be continuing on such date or after giving effect to the Loans requested to be made on such date.
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(c) Maximum Borrowing Limitation. After giving effect to the proposed Loans to be made, the Asset Coverage Ratio for all borrowings of such Borrower (x) if not a Designated Borrower shall not be less than 300% and (y) if a Designated Borrower shall not be less than its applicable Designated Borrower Asset Coverage Ratio Percentage; and the requesting Borrower shall not have violated any Requirements of Law (except such violations as could not reasonably be expected to have a Material Adverse Effect) or exceeded the borrowing limits set forth in its Prospectus and/or Registration Statement or the 1940 Act.
(d) Regulation U; Form U-1. The Lenders shall be satisfied that the Loans and the use of proceeds thereof comply in all respects with Regulation U. To the extent required by Regulation U, the Administrative Agent shall have received a copy of either (i) FR Form U-1, duly executed and delivered by each Registrant on behalf of the series thereof which are Borrowers and completed for delivery to each Lender, in form acceptable to the Administrative Agent, or (ii) a current list of the assets of each Borrower (including all margin stock (as defined in Regulation U) from each Borrower), in form acceptable to the Administrative Agent and in compliance with Section 221.3(c)(2) of Regulation U.
(e) Additional Matters. All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Agreement and the other Loan Documents shall be satisfactory in form and substance to the Administrative Agent, and the Administrative Agent shall have received such other documents and legal opinions in respect of any aspect or consequence of the transactions contemplated hereby or thereby as it shall reasonably request.
Each borrowing by a Borrower hereunder shall constitute a representation and warranty by the Registrant of which such Borrower is a series, on its own behalf and on behalf of such Borrower, as of the date thereof that the conditions contained in this Section have been satisfied with respect to such Borrower, and the Registrant of which it is a series if applicable.
4.3 Lender Deliverables. Each Lender shall prior to the Closing Date deliver to Columbia Management and the Administrative Agent (A) if such Lender is organized under the laws of a jurisdiction outside the United States of America, two duly completed copies of United States Internal Revenue Service Form W-8BEN-E, Form W-8IMY or Form W-8ECI, or successor applicable forms, appropriate for such Lender, or (B) if such Lender is organized under the laws of a jurisdiction within the United States of America, an Internal Revenue Service Form W-9, or successor form.
SECTION 5. AFFIRMATIVE COVENANTS
Each Registrant, on behalf of the series thereof which are Borrowers, hereby agrees that, so long as (i) the Commitments remain in effect with respect to it or any Borrower or (ii) any amount is owing by it on behalf of any Borrower to any Lender or the Administrative Agent hereunder or under any other Loan Document, it on behalf of any Borrower that is a series of such Registrant shall (it being agreed that such Registrant covenants only to matters with respect to each Borrower that is a series thereof):
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5.1 Financial Statements. Furnish to the Administrative Agent (with copies for each Lender):
(a) as soon as available and in any event within 75 days after the end of each fiscal year of such Borrower, a statement of assets and liabilities of such Borrower as at the end of such fiscal year, a statement of operations for such fiscal year, a statement of changes in net assets for such fiscal year and the preceding fiscal year, a portfolio of investments as at the end of such fiscal year and the per share and other data for such fiscal year prepared in accordance with GAAP (as consistently applied) and all regulatory requirements, and all presented in a manner acceptable to the Securities and Exchange Commission or any successor or analogous Governmental Authority and acceptable to PricewaterhouseCoopers LLP or any other independent certified public accountants of recognized standing (with respect to any Borrower, the foregoing obligation may be satisfied by such Borrowers making publicly available its annual report (in printable format) on the website indicated for such Borrower on Schedule 5.1 (Borrowers for whom no website is indicated shall deliver such documents as aforesaid));
(b) as soon as available and in any event within 75 days after the close of the first six-month period of each fiscal year of such Borrower, a statement of assets and liabilities as at the end of such six-month period, a statement of operations for such six-month period, a statement of changes in net assets for such six-month period and a portfolio of investments as at the end of such six-month period, all prepared in accordance with regulatory requirements and all certified pursuant to such Borrowers quarterly filings with the Securities and Exchange Commission on Form N-CSR (subject to normal year-end adjustments) as to fairness of presentation and GAAP (as consistently applied) by a Responsible Officer (with respect to any Borrower, the foregoing obligation may be satisfied by such Borrowers making publicly available its semi-annual report (in printable format) on the website indicated for such Borrower on Schedule 5.1 (Borrowers for whom no website is indicated shall deliver such documents as aforesaid)); and
(c) On the last Business Day of each March, June, September and December, (each a Quarterly Date), unless previously delivered, the net asset value sheet of such Borrower as of the end of such Borrowers most recently ended annual and semi-annual accounting periods (unless such accounting period shall have ended less than sixty days prior to such Quarterly Date, in which case such statements shall be delivered on the next Quarterly Date), certified by a Responsible Officer as being fairly stated in all material respects (with respect to any Borrower, the foregoing obligation may be satisfied by such Borrowers making publicly available its quarterly report (in printable format) on the website indicated for such Borrower on Schedule 5.1 (Borrowers for whom no website is indicated shall deliver such documents as aforesaid)); provided, however, that if any Borrower has Loans outstanding, such Borrower shall provide to the Administrative Agent for each Lender (i) such net asset value sheet described above in this Section and (ii) a certificate of a Responsible Officer showing in reasonable detail the calculations supporting such Borrowers compliance with Section 6.1, within two Business Days after the end of each calendar week so long as any Loans to such Borrower remain outstanding;
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all such financial statements to be complete and correct in all material respects and to be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and disclosed therein).
5.2 Certificates; Other Information. Furnish to the Administrative Agent (with copies for each Lender):
(a) concurrently with the delivery of the financial statements referred to in Sections 5.1(a), (b) and (c), a certificate of a Responsible Officer stating that (i) to the best of such Responsible Officers knowledge, such Borrower during such period has observed or performed all of its covenants and other agreements, and satisfied every condition, contained in this Agreement and the other Loan Documents to be observed, performed or satisfied by it, and (ii) no Default or Event of Default has occurred and is continuing except as specified in such certificate;
(b) within five days after they are sent, copies of all financial statements and reports which each Borrower sends to its investors other those documents described in Section 5.1(a) or (b), and within five Business Days after they are filed, copies of all financial statements and reports which each Borrower may make to, or file with, the Securities and Exchange Commission or any successor or analogous Governmental Authority other than those described in Section 5.1(a) or 5.1(b) or any report or filing that is publicly available on the Securities and Exchange Commissions website, unless reasonably requested by the Administrative Agent; and
(c) promptly, such additional financial and other information as any Lender may from time to time reasonably request, including, but not limited to, the current Registration Statement for each Borrower and copies of all changes to each Borrowers Prospectus and Registration Statement.
5.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent (beyond any allowable grace periods therefor), as the case may be, all such Borrowers Contractual Obligations, except where (i) the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of such Borrower, as the case may be, or (ii) the failure to timely make payment thereof could not reasonably be expected to have a Material Adverse Effect.
5.4 Conduct of Business and Maintenance of Existence. Except as otherwise permitted herein, continue to engage in (i) such Borrowers investment business in accordance with its Investment Policies, Prospectus and Registration Statement and preserve, renew and keep in full force and effect its existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business except to the extent that failure to take such actions could not, in the aggregate, be reasonably expected to
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have a Material Adverse Effect; comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could not, in the aggregate, be reasonably expected to have a Material Adverse Effect; maintain at all times its status as an investment company registered under the 1940 Act; maintain at all times its (a) current custodian, or (b) a replacement custodian which (x) is JPMorgan Chase Bank, N.A. or (y) is a bank or trust company organized under the laws of the United States or a political subdivision thereof having assets of at least $10,000,000,000 and a long-term debt or deposit rating of at least A from S&P or A2 from Moodys; maintain in effect and enforce policies and procedures designed to ensure compliance by such Borrower, such Borrowers Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.
5.5 Maintenance of Property; Insurance. Keep all property useful and necessary in such Borrowers business, if any, in good working order and condition; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are customarily insured against in the same general area by entities engaged in the same or similar business or as may otherwise be required by the Securities and Exchange Commission or any successor or analogous Governmental Authority (including, without limitation, (a) fidelity bond coverage as shall be required by Rule 17g-1 promulgated under the 1940 Act or any successor provision and (b) errors and omissions insurance); and furnish to each Lender, upon written request, full information as to the insurance carried.
5.6 Inspection of Property; Books and Records; Discussions. Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all material Requirements of Law shall be made of all dealings and transactions in relation to its business and activities; and permit representatives of (i) the Administrative Agent, upon its own discretion or at the reasonable request of any Lender, and (ii) upon the occurrence and during the continuance of an Event of Default, any Lender, to visit and inspect any of such Borrowers properties and examine any of its books and records during normal business hours and to discuss the business, operations, properties and financial and other condition of such Borrower with officers and employees of such Borrower and with its independent certified public accountants; provided that, unless a Default or an Event of Default shall have occurred and be continuing, the Administrative Agent shall provide the Borrowers with five Business Days prior notice of such visit and shall conduct such visit not more than once a year.
5.7 Notices. Promptly give notice to the Administrative Agent and each Lender of:
(a) the occurrence of any Default or Event of Default with respect to such Borrower;
(b) any (i) default or event of default under any Contractual Obligation of such Borrower or (ii) litigation, investigation or proceeding which may exist at any time between such Registrant, on behalf of the series thereof which are Borrowers and any Governmental Authority, which in either case, if not cured or if adversely determined, as the case may be, could reasonably be expected to have a Material Adverse Effect;
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(c) any litigation or proceeding affecting such Borrower, or the Registrant of which it is a series, in which (i) the amount reasonably determined to be at risk is more than 5% of such Borrowers net assets and not covered by insurance or in which injunctive or similar relief affecting more than 5% of such Borrowers net assets is sought or (ii) relates to this Agreement or the credit facility contemplated hereby;
(d) any change in such Borrowers Prospectus or Registration Statement involving Investment Policies which could materially increase the risks to the shareholders of the Borrower or which would increase the borrowing limits provided for in such Borrowers Prospectus;
(e) any development or event which could reasonably be expected to have a Material Adverse Effect on such Borrower;
(f) any change in such Borrowers custodian, unless such custodian is JPMorgan Chase Bank, N.A., in which case no notice is required to be sent; and
(g) any name change affecting any Borrower after the effectiveness of such name change, together with updated tax forms and other know your customer information requested by the Administrative Agent or any Lender.
Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and if appropriate stating what action such Registrant or such Borrower proposes to take with respect thereto.
5.8 Purpose of Loans. Use the proceeds of the Loans for temporary or emergency purposes, including, without limitation, funding of shareholder redemptions or the payment of dividends (i) which are required by law or in connection with the maintenance of such Borrowers tax status or (ii) for the purpose of avoiding imposition of federal excise tax. Without limiting the foregoing, no Borrower will, directly or indirectly, use any part of such proceeds for any purpose which would violate any provision of its Registration Statement or any applicable statute, regulation, order or restriction, including but not limited to Regulation U; provided, however, that neither the Administrative Agent nor any Lender shall have any responsibility as to the use of any of such proceeds. If requested by any Lender or the Administrative Agent from time to time, each Registrant, on behalf of the series thereof which are Borrowers, will furnish to the Administrative Agent and each Lender a statement and current list of the assets of each Borrower in conformity with the requirements of FR Form U-1 referred to in Regulation U.
5.9 Payment of Taxes. File all material tax returns which, to the knowledge of such Registrant and such Borrowers, are required to be filed and pay all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, levies, fees or other charges imposed on it or any of its property by any Governmental Authority; provided, however, that no such tax, assessment, charge or levy need be paid and discharged so long as the validity thereof shall be contested in good faith by appropriate proceedings and there shall have been set aside on the books of such Person adequate reserves in accordance with GAAP applied with respect thereto.
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SECTION 6. NEGATIVE COVENANTS
Each Registrant, on behalf of the series thereof which are Borrowers, hereby agrees that, so long as (i) the Commitments remain in effect with respect to any such Borrower or (ii) any amount is owing by any such Borrower to any Lender or the Administrative Agent hereunder or under any other Loan Document, it and any such Borrower shall not, without the prior written consent of the Lenders except as otherwise specified in this Section 6, directly or indirectly (it being agreed that each Registrant agrees only to matters with respect to each Borrower that is a series thereof):
6.1 Financial Condition Covenant. Permit the Asset Coverage Ratio of such Borrower to be less than (x) for all Borrowers other than Designated Borrowers, 300%, or (y) for each Designated Borrower, the Designated Borrower Asset Coverage Ratio Percentage for such Borrower; or in either case allow borrowings and/or Indebtedness of such Borrower to exceed the limits set forth in such Borrowers Prospectus or allow borrowings and/or Indebtedness to exceed the requirements of the 1940 Act.
6.2 Limitation on Indebtedness; Derivatives. (a) Create, incur, assume or suffer to exist any Indebtedness of such Borrower or any Subsidiary, except Indebtedness of such Borrower or Subsidiary incurred (i) under this Agreement and the Notes, (ii) in the ordinary course of business of such Borrower or such Subsidiary, (iii) pursuant to an Interfund Lending arrangement, (iv) with respect to Indebtedness of a Cayman Designated Subsidiary or a Mauritius Designated Subsidiary, in accordance with its articles of association and other related organizational documents, or (v) in the form of Reverse Repurchase Transactions, dollar rolls or other transactions entered into primarily for investment purposes which have the effect of borrowing and, in each case, which is not otherwise prohibited by law, is in the ordinary course of business, is not in contravention of such Borrowers Prospectus and is reflected properly in the calculation of the Asset Coverage Ratio.
(b) Invest in, or incur Indebtedness or other liability to any Person with respect to, any Swap Obligation or derivative instrument (including without limitation any swap, collar, cap, puts, calls, equity derivative or mortgage-backed or debt-backed derivative) unless each of the following is true: (i) the net mark-to-market value of such Swap Obligation or derivative instrument is appropriately reflected in the calculation of Asset Coverage Ratio, and (ii) the purpose of the investment in such Swap Obligation or derivative instrument is to augment the capital appreciation or current income of or by such Borrower, or to hedge or manage the risk of various current or future exposures of such Borrower.
6.3 Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon any of the property, assets or revenues, whether now owned or hereafter acquired of such Borrower, except for (i) Liens for taxes not yet due or which are being contested in good faith by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on the books of such Borrower in conformity with GAAP, (ii) Liens arising in connection with
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claims for advances made by or payments due to any custodian under the Custody Agreements set forth in Schedule IV, (iii) Liens arising from any Prime Broker Agreement set forth in Schedule V, (iv) Liens created, incurred, assumed or suffered to exist in compliance with the Registration Statement or organizational documents of such Borrower, (v) Liens arising under an Interfund Lending arrangement, and (vi) any other Liens created, incurred, assumed or suffered to exist in the ordinary course of such Borrowers business, and which, in each case, are not otherwise prohibited by any Requirement of Law.
6.4 Limitation on Guarantee Obligations. Create, incur, assume or suffer to exist any material Guarantee Obligation of such Borrower, except as may occur in the ordinary course of such Borrowers business and which is not otherwise prohibited by any Requirement of Law. In no event may a Mauritius Parent Borrower or Cayman Parent Borrower create, incur, assume or suffer to exist any material Guarantee Obligation in respect of the Indebtedness of any of their respective Subsidiaries.
6.5 Limitation on Fundamental Changes. Enter into, or permit any of its Subsidiaries to enter into, any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself or such Borrower (or suffer any liquidation or dissolution), or convey, sell, lease, assign, transfer or otherwise dispose of substantially all of the property, business or assets of itself, such Borrower, or such Subsidiary in a single transaction or in related transactions, or make any material change in its present method of conducting business; except that, so long as no Default or Event of Default shall have occurred and be continuing, a Borrower will be permitted to (i) without the consent of the Lenders, enter into any merger, consolidation or amalgamation with one or more Borrowers or, with the consent of the Lenders, enter into any merger, consolidation or amalgamation with one or more other Persons if, in each case, Columbia Management or one of its affiliates is the investment advisor to the entity surviving such merger, consolidation or amalgamation and such entity assumes the obligations of such Borrower under the Loan Documents and complies with Applicable Law and with the provisions hereof or (ii) terminate all Commitments with respect to such Borrower and liquidate, wind up or convey, sell, lease, assign, transfer or otherwise dispose of all or substantially all of the property, business or assets of such Borrower if it repays all Loans made to it prior to liquidation, together with all other amounts due and owing hereunder. Any Borrower undertaking any action described in clause (ii) above shall comply with the termination provisions described in Section 2.4.
6.6 Limitation on Distributions. At any time, make any distribution to the shareholders (including, without limitation, any dividends or any repurchase of capital interests) of such Borrower, whether now or hereafter existing, either directly or indirectly, whether in cash or property or in obligations of the Borrower if such distribution results in a Default or Event of Default. During the occurrence and continuation of an Event of Default specified in paragraphs (a) or (e) of Section 7 or an Event of Default arising in connection with a Borrowers having failed to comply with Section 6.1, make any distribution to the shareholders (including, without limitation, any dividends or any repurchase of capital interests) of such Borrower, whether now or hereafter existing, either directly or indirectly, whether in cash or property or in obligations of such Borrower. Notwithstanding the foregoing, nothing herein shall prevent a Borrower from making (i) distributions that are required to enable such Borrower to qualify as a regulated investment company under Sections 851-855 of the Code or otherwise to minimize or eliminate federal or state income or excise taxes payable by such Borrower, or (ii) distributions that are required by any other Requirement of Law.
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6.7 Limitation on Investments, Loans and Advances. Make any advance, loan, extension of credit or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of or any assets constituting a business unit of or make any other investment in, any Person, except those consistent with such Borrowers Investment Policies.
6.8 Limitation on Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate unless such transaction is (a) not otherwise prohibited under this Agreement and not in violation of the 1940 Act, (b) in the ordinary course of such Borrowers business, and (c) upon fair and reasonable terms no less favorable to such Borrower than it would obtain in a comparable arms length transaction with a Person which is not an Affiliate.
6.9 Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrowers business and which are not otherwise prohibited by any Requirement of Law.
6.10 Limitation on Changes to Investment Policies. Except as may be required by law, make any amendment to the Prospectus or Registration Statement of such Borrower (i) relating to changes in the fundamental Investment Policies of such Borrower, or (ii) increasing the borrowing limits specified therein, in each case without the consent of the Required Lenders, which consent shall not be unreasonably withheld.
6.11 Cayman Parent Borrower Activities. If it is a Cayman Parent Borrower, such Borrower will not (a) permit its Cayman Designated Subsidiary to engage in any business or activity other than that permitted under the Cayman Parent Borrowers Prospectus or (b) itself engage in any business or activity other than (i) acting as a holding company for its Cayman Designated Subsidiary and (ii) acting as a registered open-end investment company under the 1940 Act.
6.12 Cayman Parent Borrower Sale of Assets, Etc. If it is a Cayman Parent Borrower, such Borrower will not permit its Cayman Designated Subsidiary to (a) merge into or consolidate with any Person other than such Cayman Parent Borrower or another Borrower hereunder, or (b) sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired), except for assets sold or disposed of in the ordinary course of business and except for any such transfers to such Cayman Parent Borrower or another Borrower hereunder.
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6.13 Prohibited Use of Proceeds. Each Borrower shall not request any Loan, and each Borrower shall not, directly or indirectly, use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan, or lend, contribute or otherwise make available such proceeds to any Person (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of any Sanctions by any Person, including Sanctions applicable to any party hereto.
SECTION 7. EVENTS OF DEFAULT
Subject to the final paragraph of this Section 7, if any of the following events shall occur and be continuing with respect to any Registrant, on its own behalf or on behalf of the series thereof which are Borrowers, as the case may be (each an Event of Default):
(a) A Borrower shall fail to pay any principal of any Loan when due in accordance with the terms thereof or hereof, including without limitation any failure to make a mandatory prepayment due pursuant to the provisions of Section 2.6(b); or a Borrower shall fail to pay any interest on any Loan, or any other amount payable hereunder, within five days after any such interest or other amount becomes due in accordance with the terms thereof or hereof; or
(b) Any representation or warranty made or deemed made by any Registrant, on its own behalf or on behalf of the series thereof which are Borrowers, or made or deemed made at such Registrants or Borrowers request, herein or in any other Loan Document or which is contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been incorrect in any material respect on or as of the date made or deemed made; or
(c) A Registrant, on its own behalf or on behalf of the series thereof which are Borrowers, shall default in the observance or performance of (i) Section 6.13 or (ii) any other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) and (b) of this Section), and such default shall continue unremedied for a period of 30 days; or solely in the case of such default arising under Sections 5.4, 5.7 or 6.5, 5 Business Days; or solely in the case of such default arising under Section 5.2(b), 10 days from the delivery of notice thereof by the Administrative Agent to such Registrant (unless the Administrative Agent shall have reasonably determined that the non-delivery of information giving rise to such default under Section 5.2(b) shall have materially impaired the rights of the Lenders hereunder, in which case such default shall ripen into an Event of Default if unremedied after the earlier of 10 days from delivery of notice or 30 days after the occurrence thereof); or
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(d) A Registrant, or on behalf of any series thereof which is a Borrower, shall (i) default in any payment of principal of or interest on any Indebtedness (other than the Loans), Interest Rate Agreement or Swap Obligation or in the payment of any Guarantee Obligation, beyond the grace period (not to exceed 30 days), if any, provided in the instrument or agreement under which such Indebtedness, Interest Rate Agreement, Swap Obligation or Guarantee Obligation was created, if the aggregate amount of the Indebtedness or amount owing under an Interest Rate Agreement, Swap Obligation and/or Guarantee Obligations in respect of which such default or defaults shall have occurred is at least 5% of such Borrowers net assets, calculated on a net mark-to-market basis for Interest Rate Agreements and Swap Obligations; or (ii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness, Interest Rate Agreement, Swap Obligation or Guarantee Obligation or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Guarantee Obligation, Interest Rate Agreement, or Swap Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness, Interest Rate Agreement or Swap Obligation to become due prior to its stated maturity or such Guarantee Obligation to become payable if the aggregate amount of the Indebtedness or amount owing under an Interest Rate Agreement, Swap Obligations and/or Guarantee Obligations subject to becoming so due or so payable is at least 5% of such Borrowers or Registrants net assets, calculated on a net mark-to-market basis for Interest Rate Agreements and Swap Obligations; or
(e) (i) A Registrant, on its own behalf or on behalf of any series thereof which is a Borrower, shall commence any case, proceeding or other action with respect to itself or any such Borrower (A) under any then Applicable Law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or a Registrant, on its own behalf or on behalf of any series thereof which is a Borrower, shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against such a Registrant or Borrower, any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment and (B) remains undismissed, undischarged, unstayed, unvacated or unbonded pending appeal within 60 days from the entry thereof; or (iii) there shall be commenced against a Registrant, on its own behalf or on behalf of the series thereof which are Borrowers, any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) such a Registrant or Borrower shall take any action in material furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) a Registrant, on its own behalf or on behalf of the series thereof which are Borrowers, shall not, or shall be unable to, pay its debts as they become due for ten (10) days after written notice thereof to such Registrant or actual knowledge thereof by such Registrant, or shall admit in writing its inability to pay its debts as they become due; or
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(f) Either a Borrower or any Commonly Controlled Entity of such Borrower incurs any liability to any Plan maintained by any of them which could reasonably be expected to have a Material Adverse Effect; or
(g) One or more final judgments or decrees shall be entered against a Borrower, involving in the aggregate a liability (not fully covered by insurance or otherwise paid or discharged) of 5% or more of such Borrowers net assets, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 30 days from the entry thereof; or
(h) Unless consented to by all of the Lenders, Columbia Management or a Person directly controlling, controlled by, or under common control with Columbia Management shall no longer act as investment advisor for a Borrower; or
(i) A Registrants registration under the 1940 Act shall lapse or be suspended (or proceedings for such purpose shall have been instituted); or
(j) A Registrant, on its own behalf or on behalf of the series thereof which are Borrowers, shall fail to materially comply with its Investment Policies in a manner which could reasonably be expected to have a Material Adverse Effect and such default (or the Material Adverse Effect arising therefrom if any) shall continue unremedied for a period of 3 days; or
(k) A Borrower shall (i) fail to materially comply with the 1940 Act or (ii) default in the observance or performance of Section 6.13.
then, and in any such event, (A) if such event is an Event of Default specified in paragraph (e) of this Section with respect to such Borrower (or the Registrant acting on behalf of one or more Borrowers), automatically the Commitments available to such Borrower (or all of the Borrowers which are series of such Registrant) shall immediately terminate and the Loans hereunder made to any such Borrower, or Borrowers as the case may be, (with accrued interest thereon) and all other amounts owing under this Agreement by such Borrower, or Borrowers, as the case may be, shall immediately become due and payable, and (B) if such event is any other Event of Default with respect to such Borrower, any or all of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to such Borrower declare the Commitments available to such Borrower (or all of the Borrowers which are series of such Registrant if such Event of Default is a Registrant Event of Default (as defined below)) to be terminated forthwith, whereupon such Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to such Borrower, declare the Loans to such Borrower (with accrued interest thereon) and all other amounts owing under this Agreement by such Borrower (or all of the Borrowers which are series of such Registrant if such Event of Default is a Registrant Event of Default) to be due and payable forthwith, whereupon the same shall immediately become due and payable. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived.
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Notwithstanding any other provision herein to the contrary, Defaults and Events of Default shall have the following results:
(i) a Default or Event of Default with respect to one Borrower shall not constitute a Default or Event of Default with respect to any other Borrower;
(ii) except as set forth in clause (iii) below, a Default or Event of Default with respect to a Registrant acting on behalf of one or more Borrowers that is a series of such Registrant shall constitute a Default or Event of Default, as the case may be, only with respect to the Borrower(s) implicated in, or affected by, the act or omission causing such Default or Event of Default;
(iii) a Registrant Default or a Registrant Event of Default (each as defined below) with respect to a Registrant acting on behalf of one or more Borrowers that is a series thereof shall constitute a Default or Event of Default, as the case may be, with respect to any Borrower that is a series thereof to the extent that such Registrant Default or Registrant Event of Default is, in the reasonable discretion of the Administrative Agent or the Required Lenders, expected to have a Material Adverse Effect on such Borrowers ability to perform its obligations under this Agreement and the other Loan Documents; and
(iv) an Event of Default of the type described in paragraph (h) of this Section 7 shall constitute an Event of Default with respect to all Borrowers for which Columbia Management no longer acts as investment manager.
Registrant Event of Default shall mean an Event of Default with respect to a Registrant (A) of any of the types described in paragraphs (e) or (i) of this Section 7, or (B) arising from such Registrants failure to comply with the covenants set forth in Section 5.3, 5.4, 5.5 or 6.5. Registrant Default shall mean any of the events giving rise to a Registrant Event of Default, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied.
SECTION 8. THE ADMINISTRATIVE AGENT
8.1 Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents, and each Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on such Lenders behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents,
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together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.
8.2 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence, willful misfeasance, bad faith or misconduct of any agents or attorneys in-fact selected by it with due care.
8.3 Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except for its or such Persons own gross negligence or willful misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Registrant or any Borrower or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document (including, for the avoidance of doubt, in connection with the Administrative Agents reliance on any Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page) or for any failure of any Borrower or any Registrant to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or (except as expressly required by Section 5.6) to inspect the properties, books or records of any Registrant or any Borrower.
8.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any Note, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation reasonably believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to a Registrant or a Borrower), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders or all Lenders, as applicable, as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense (other than any liability or expense which results from the Administrative Agents gross negligence or willful misconduct) which may be incurred by it by reason of taking or continuing
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to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders or all of the Lenders, as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.
8.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a notice of default. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders and each Borrower. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders or all of the Lenders, as applicable; provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.
8.6 Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of a Registrant or Borrower, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrowers and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Borrowers. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder or furnished hereunder to the Administrative Agent with copies or counterparts for the Lenders, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Registrant or any Borrower which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.
8.7 Indemnification. The Lenders agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Borrowers and without limiting the obligation of the Borrowers to do so), ratably according to their respective Commitment Percentages in effect on the date on which indemnification is sought (or, if indemnification is
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sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with their Commitment Percentages immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at any time following the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the Administrative Agents gross negligence or willful misconduct. The agreements in this Section shall survive termination this Agreement and repayment of the Loans and all other amounts payable hereunder.
8.8 Administrative Agent in Its Individual Capacity. The Persons serving as the Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Borrower as though the Person serving as the Administrative Agent were not the Administrative Agent hereunder and under the other Loan Documents. With respect to the Loans made by it, the Person serving as the Administrative Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms Lender and Lenders shall include the Person serving as Administrative Agent in its individual capacity.
8.9 Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 10 Business Days notice to the Lenders and the Borrowers. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders whereupon, if such Lender accepts such appointment, such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term Administrative Agent shall mean such successor agent effective upon such appointment and approval, and the former Administrative Agents rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the Loans. After any retiring Administrative Agents resignation as Administrative Agent, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement and the other Loan Documents.
8.10 Duties of Syndication Agents. No Syndication Agent, in its capacity as such, shall have any duty, obligation or responsibility hereunder.
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SECTION 9. MISCELLANEOUS
9.1 Amendments and Waivers. Neither this Agreement nor any other Loan Document, nor any terms hereof or thereof, may be amended, supplemented or modified except in accordance with the provisions of this Section. The Required Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time, (a) enter into with each Registrant, on behalf of the series thereof which are Borrowers, written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of such Borrowers hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment, supplement or modification shall (i) reduce the amount or extend the scheduled date of maturity of any Loan or of any installment thereof, or reduce the stated rate of any interest or fee payable hereunder or extend the scheduled date of any payment thereof or increase the amount or extend the expiration date of any Lenders Commitment, in each case without the consent of each Lender affected thereby, or (ii) amend, modify or waive any provision of this Section 9.1 (or any other provision of this Agreement which expressly provides that the consent of all the Lenders is required to take any action) or reduce the percentage specified in the definition of Required Lenders, or consent to the assignment or transfer by any Borrower or any Registrant of any of its rights and obligations under this Agreement and the other Loan Documents, in each case without the written consent of all the Lenders or (iii) amend, waive or modify the first three sentences of Section 2.9(a) or any other provision affecting the ratable treatment of the Lenders, in each case without the written consent of all the Lenders, or (iv) amend, waive or modify the requirement contained in the first sentence of Section 2.16(a) that consent of all the Lenders is required to approve the addition of Borrowers to this Agreement, in each case without the written consent of all the Lenders, or (v) amend, waive or modify Section 2.6(b) without the written consent of all the Lenders (other than any Defaulting Lenders), or (vi) amend, waive or modify Section 6.1 without the written consent of all the Lenders (other than any Defaulting Lenders), (vii) amend, modify or waive any provision of Section 8 without the written consent of the then Administrative Agent, or (viii) amend, waive or modify Section 4 without the written consent of all the Lenders (other than any Defaulting Lenders), or (ix) amend, waive or modify Section 2.10 without the written consent of all the Lenders (other than any Defaulting Lenders). Any such waiver and any such amendment, supplement or modification shall be effective (A) only for such Borrower(s) on whose behalf a Fund executed such document(s) and (B) in the specific instance and for the specific purpose for which given.
9.2 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (which writing may be in the form of a facsimile transmission), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or five days after being deposited in the mail, postage prepaid, or, in the case of facsimile notice, when received, addressed as follows in the case of any Registrant, any Borrower and the Administrative Agent, and as set forth in Schedule II in the case of the other parties hereto, or to such other address as may be hereafter notified by the respective parties hereto:
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The Borrowers and Registrants: |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC 225 Franklin Street Boston, MA 02110 Attention: Mr. Michael G. Clarke
COLUMBIA WANGER ASSET MANAGEMENT, LLC 227 West Monroe, Suite 3000 Chicago, IL 60606, USA Attention: Mr. John Kunka |
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with a copy to: |
COLUMBIA FUNDS 5228 Ameriprise Financial Center Minneapolis, MN 55474 Attention: GCO Asset Management Legal |
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The Administrative Agent: |
JPMorgan Chase Bank, N.A. 500 Stanton Christiana Rd. NCC5 / 1st Floor Newark, DE 19713 Attention: Loan & Agency Services Group Tel: 13026341027 Fax: (302) 634-4733 Email: himran.aziz@chase.com |
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With a copy to: |
Pryor Cashman LLP 7 Times Square New York, NY 10036 Attn: Larry Remmel, Esq. Facsimile: (212) 326-0806 |
provided that any notice, request or demand to or upon the Administrative Agent or the Lenders pursuant to Section 2.2, 2.4, 2.6, or 2.8 shall not be effective until received.
9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any party hereto, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.
9.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans hereunder.
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9.5 Payment of Expenses and Taxes; Indemnification; Etc. (a) Each Borrower agrees severally (ratably, in accordance with its respective Allocation) to pay (i) all reasonable out of pocket expenses incurred by the Administrative Agent and J.P. Morgan Securities LLC, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent or any Lender, including the reasonable and documented fees, charges and disbursements of any counsel for the Administrative Agent or any Lender, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans.
(b) Limitation of Liability. To the extent permitted by applicable law (i) no Fund or Borrower (each a Loan Party) shall assert, and each Loan Party hereby waives, any claim against the Administrative Agent and any Lender, and any Related Party of any of the foregoing Persons (each such Person a Lender-Related Person) for any Liabilities against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or the use of the proceeds thereof; provided that, nothing in this Section 9.5(b) shall relieve any Borrower of any obligation it may have to indemnify an Indemnitee, as provided in Section 9.5(c), against any special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party.
(c) Indemnity. Each Borrower agrees severally (ratably, in accordance with its respective Allocation) to indemnify the Administrative Agent and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an Indemnitee) against, and hold each Indemnitee harmless from, any and all Liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or the use of the proceeds therefrom, or (iii) any actual or prospective Proceeding relating to any of the foregoing, whether or not such Proceeding is brought by any Borrower or any other Loan Party or its or their respective equity holders, Affiliates, creditors or any other third Person and whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such Liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from the gross negligence or willful misconduct of such Indemnitee. This Section 9.5(c) shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim.
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(d) Lender Reimbursement. Each Lender severally agrees to pay any amount required to be paid by any Borrower under paragraphs (a), (b) or (c) of this Section 9.5 to the Administrative Agent and each Related Party of any of the foregoing Persons (each, an Agent-Related Person) (to the extent not reimbursed by such Borrower and without limiting the obligation of the Borrowers to do so), ratably according to their respective Commitment Percentage in effect on the date on which such payment is sought under this Section (or, if such payment is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Commitment Percentage immediately prior to such date), from and against any and all Liabilities and related expenses, including the fees, charges and disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent-Related Person in any way relating to or arising out of the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent-Related Person under or in connection with any of the foregoing; provided that the unreimbursed expense or Liability or related expense, as the case may be, was incurred by or asserted against such Agent-Related Person in its capacity as such; provided further that no Lender shall be liable for the payment of any portion of such Liabilities, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily from such Agent-Related Partys gross negligence or willful misconduct. The agreements in this Section shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.
(e) Payments. All amounts due under this Section 9.5(d) shall be payable not later than 10 days after written demand therefor (which demand shall include a statement describing in reasonable detail the basis for making such demand).
(f) Liability. Notwithstanding any other provision in this Agreement to the contrary, to the extent any obligation to reimburse or indemnify any Indemnitee that arises pursuant to Section 9.5(b) is not attributable to any particular Borrower or Borrowers, then such reimbursement or indemnification shall be made by each Borrower (ratably, in accordance with its respective Allocation). To the extent any such obligation to reimburse or indemnify any Indemnified Party is attributable to one or more Borrowers, then such reimbursement or indemnification shall be made by such Borrower or, if more than one Borrower, ratably by such Borrowers based on their respective Allocations
9.6 Successors and Assigns; Participations and Assignments. (a) This Agreement shall be binding upon and inure to the benefit of the Registrants, the Borrowers, the Lenders, the Administrative Agent and their respective successors and assigns, except that, except as may otherwise be provided herein, neither any Registrant nor any Borrower may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender.
(b) Any Lender may, in the ordinary course of its commercial banking business and in accordance with Applicable Laws, at any time sell to one or more Eligible Lenders (Participants) participating interests in any Loan owing to such Lender, any Commitment of such Lender or any other interest of such Lender hereunder and under the other Loan Documents. In the event of any such sale by a Lender of a participating interest to a Participant, such Lenders obligations under this Agreement to
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the other parties to this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Loan for all purposes under this Agreement and the other Loan Documents, and the Borrowers and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lenders rights and obligations under this Agreement and the other Loan Documents. Any agreement pursuant to which any Lender may grant such a participating interest shall provide that such Lender shall retain the sole right and responsibility to enforce the obligations of the Borrowers hereunder, including the right to approve any amendment, modification or waiver of any provision of this Agreement; provided that such participation agreement may provide that (i) such Lender will not agree to any modification, amendment or waiver of this Agreement described in clauses (i) through (ix) of the proviso in Section 9.1 without the consent of the Participant and (ii) the Participant may obtain voting rights limited to changes in respect of the principal amount, interest rates, fees and term of the Loans. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participants interest in the Notes or other obligations under the Agreement (the Participant Register); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participants interest in any Commitments, Loans or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and each Person whose name is recorded in the Participant Register shall be treated as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.
(c) Any Lender may, in the ordinary course of its commercial banking business and in accordance with Applicable Law, at any time and from time to time assign to any Lender or any Affiliate thereof that is an Eligible Lender or, with the consent of the Administrative Agent (not to be unreasonably withheld or delayed) and (so long as no Default or Event of Default shall have occurred and be continuing) the Registrants (not to be unreasonably withheld or delayed, and provided that the Registrants shall be deemed to have consented to any such assignment unless they shall object thereto by written notice to the Administrative Agent within three (3) Business Days), to an additional Eligible Lender (an Assignee) all or any part of its rights and obligations under this Agreement and the other Loan Documents pursuant to an Assignment and Acceptance, substantially in the form of Exhibit 9.6(c), executed by such Assignee, such assigning Lender and the Administrative Agent (and, provided (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Assignee is not a Lender or an Affiliate of a Lender that is an Eligible Lender, the Registrants) and delivered to the Administrative Agent for its acceptance and recording in the Register; provided, however, that assignments to entities other than Lenders or Affiliates thereof must be in amounts of at least $5,000,000 (or, in the case of an Assignment and
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Acceptance covering all or the remaining portion of an assigning Lenders rights and obligations under this Agreement, all of such lesser amount). Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and Acceptance, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a Lender hereunder with a Commitment as set forth therein, and (y) the assigning Lender thereunder shall, to the extent provided in such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lenders rights and obligations under this Agreement, such assigning Lender shall cease to be a party hereto (except as to Sections 2.10, 2.11 and 9.5 in respect of the period prior to the effective date of such Assignment and Acceptance) and the Commitment of the Assignee shall be in an amount equal to that of such assigning Lender prior to the execution of such Assignment and Acceptance).
(d) The Administrative Agent, on behalf of the Borrowers, shall maintain at the address of the Administrative Agent referred to in Section 9.2 a copy of each Assignment and Acceptance delivered to it and a register (the Register) for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and each Borrower, the Administrative Agent and the Lenders may (and, in the case of any Loan or other obligation hereunder not evidenced by a Note, shall) treat each Person whose name is recorded in the Register as the owner of a Loan or other obligation hereunder as the owner thereof for all purposes of this Agreement and the other Loan Documents, notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation hereunder not evidenced by a Note shall be effective only upon appropriate entries with respect thereto being made in the Register. The Register shall be available for inspection by the Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(e) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an Assignee (and the Administrative Agent) together with payment by the assigning Lender or Assignee to the Administrative Agent of a registration and processing fee of $3,000 (for which no Borrower shall have an obligation to reimburse), the Administrative Agent shall (i) promptly accept such Assignment and Acceptance and (ii) on the effective date determined pursuant thereto record the information contained therein in the Register and give notice of such acceptance and recordation to the Lenders and to each Borrower.
(f) Each Borrower authorizes each Lender to disclose to any Participant or Assignee (each, a Transferee) and any prospective Transferee any and all financial information in such Lenders possession concerning such Borrower and its Affiliates which has been delivered to such Lender by or on behalf of such Borrower pursuant to this Agreement or which has been delivered to such Lender by or on behalf of such Borrower in connection with such Lenders credit evaluation of the Registrants, the Borrowers and their Affiliates prior to becoming a party to this Agreement subject to the obligations in Section 9.10(b).
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(g) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section concerning assignments of Loans and Notes relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including, without limitation, any pledge or assignment by a Lender of any Loan or Note to any Federal Reserve Bank, or any other central bank having jurisdiction over such Lender, in accordance with Applicable Law.
9.7 Adjustments; Set-off. (a) Subject to Section 2.2(b), if any Lender (a Benefited Lender) shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 7(e), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lenders Loans, or interest thereon, such Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lenders Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest; provided further that the provisions of this paragraph shall not be construed to apply to any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant.
(b) In addition to any rights and remedies of the Lenders provided by law, upon the occurrence of an Event of Default each Lender is hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to the defaulting Borrower, Registrant, Columbia Management or any other Person, any such notice being hereby expressly waived, to the extent permitted by Applicable Law, upon any amount becoming due and payable by a Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) to set off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of such Borrower. Each Lender agrees promptly to notify such Borrower and the Administrative Agent after any such set-off and application made by such Lender, provided that the failure to give such notice shall not affect the validity of such set-off and application.
9.8 Counterparts. (a) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be lodged with Columbia Management and the Administrative Agent.
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(b) Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 9.2), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an Ancillary Document) that is an Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words execution, signed, signature, delivery, and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of each Borrower without further verification thereof and without any obligation to review the appearance or form of any such Electronic signature and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, each Borrower hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, and any Borrower, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (ii) the Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Persons business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Related Party of any Lender for any Liabilities arising solely from the Administrative Agents and/or any Lenders reliance on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page, including any Liabilities arising as a result of the failure of such Borrower to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.
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9.9 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
9.10 Waiver of Conflicts; Confidentiality. (a) Each Borrower acknowledges that each of the Administrative Agent and each Lender and their respective affiliates (collectively, the Bank Parties) may be providing debt financing, equity capital or other services (including financial advisory services) to other companies in respect of which such Borrowers may have conflicting interests regarding the transactions described herein and otherwise. Except as may otherwise be permitted herein, the Bank Parties will not disclose Confidential Information obtained from such Borrowers and their related Registrants by virtue of the transactions contemplated by this Agreement or their other relationships with such Borrowers and their related Registrants in connection with the performance by each of the Bank Parties of services for other companies, and each of the Bank Parties will not disclose any such Confidential Information to such other companies. Such Borrowers also acknowledge that no Bank Party has any obligation to use in connection with the transactions contemplated by this Agreement, or to furnish to any Borrower, confidential information obtained from other companies.
(b) For purposes of this Section, Confidential Information shall mean all information received from any of the Registrants, the Borrowers or Columbia Management relating to any of them or their business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis other than as a result of a breach of this Agreement. Each of the Administrative Agent and each Lender agrees to maintain the confidentiality of the Confidential Information, and shall use such Confidential Information only for the purpose of determining the creditworthiness of a Borrower, in connection with the enforcement of the rights of each Lender under this Agreement and in the administration of the credit facility contemplated by this Agreement, except that Confidential Information may be disclosed (i) to its and its Affiliates directors, officers, employees and agents, including without limitation accountants, legal counsel and other advisors for purposes relating to the transactions contemplated by this Agreement or for conducting legitimate audits (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and will be subject to the provisions of this Section 9.10 to the same extent as any Lender), (ii) to the extent requested by any legal or regulatory or self-regulatory authority having or claiming jurisdiction over such Person, (iii) to the extent required by Applicable Laws or regulations or by any subpoena or similar legal process, (iv) to any other party to this Agreement for purposes relating to the transactions contemplated hereby, (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (vi) subject to an agreement containing provisions substantially the same as those of this subsection, to any Assignee or Participant or any prospective
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Assignee or Participant which executes such agreement, or to any actual or prospective party (and its advisor and agents) to any swap, derivative, securitization, credit insurance or other transaction under which payments are to be made by reference to a Borrower and its obligations, the Credit Agreement or payment hereunder, or (vii) with the written consent of the Borrowers. Any Person required to maintain the confidentiality of Confidential Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.
(c) Without limiting the foregoing provisions of this Section, in the event that (I) any party to this Agreement (the Providing Party) provides to another party to this Agreement (the Recipient Party) non-public personal information concerning individual investors in any Fund that such Providing Party is required to keep confidential under applicable provisions of the Customer Confidentiality Laws and (II) such Providing Party properly identifies such information as such to the Recipient Party at the time such information is provided by, among other means of identification, prominently marking such information with the words NON-PUBLIC INFORMATION SUBJECT TO CUSTOMER CONFIDENTIALITY LAWS AND SECTIONS 9.10(b) and (c) OF THE AMENDED AND RESTATED CREDIT AGREEMENT, the Recipient Party shall treat such information as required by the applicable provisions of the Customer Confidentiality Laws, it being understood that this sentence does not, and is not intended to, create independent rights, or rights of action or obligations, for any Person not a party to this Agreement and any such action shall constitute an indemnified liability under Section 9.5. Customer Confidentiality Laws means Title V of Public Law 106-102, known as the Graham-Leach-Bliley Act, 15 USC 6801 to 6809, and the rules and regulations adopted thereunder. Nothing in this Section shall require any Borrower, any Registrant or Columbia Management to provide any such non-public personal information concerning individual investors in any Fund to any Person.
9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD FOR ITS CHOICE OF LAW RULES.
9.12 Submission To Jurisdiction; Waivers. Each Registrant, on its own behalf and on behalf of the series thereof which are Borrowers, the Administrative Agent and the Lenders hereby irrevocably and unconditionally:
(a) submit for themselves and their respective property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which they are a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the Courts of the State of New York located in New York County (the borough of Manhattan), the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof;
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(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;
(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Registrant or such Borrower at its address set forth in Section 9.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto;
(d) agrees that nothing herein shall affect the right of any party hereto to effect service of process in any other manner permitted by law or shall limit the right of any party hereto to sue in any other jurisdiction; and
(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, indirect, punitive or consequential damages.
9.13 Acknowledgments. Each Registrant, on its own behalf and on behalf of the series thereof which are Borrowers, hereby acknowledges that:
(a) it has been advised by general counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents;
(b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to such Registrant or any such Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and the Lenders, on the one hand, and such Registrant and each Borrower, on the other hand, in connection herewith or therewith is solely that of creditor and debtor; and
(c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among such Fund, such Borrowers and the Lenders.
9.14 WAIVERS OF JURY TRIAL. EACH REGISTRANT, ON ITS OWN BEHALF AND ON BEHALF OF THE SERIES THEREOF WHICH ARE BORROWERS, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.
9.15 Non-Recourse. The Administrative Agent and the Lenders hereby agree for the benefit of Columbia Management and its Affiliates, and each and every shareholder, trustee, director and officer of the Registrants and the Borrowers and any successor, assignee, heir, estate, executor, administrator or personal representative of any such shareholder, trustee, director and officer (a Non-Recourse Person) that: (a) no Non-Recourse Person shall have any
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personal liability for any obligation of any Registrant or Borrower under this Agreement or any other Loan Document or any other instrument or document delivered pursuant hereto or thereto (except, in the case of any shareholder, to the extent of his, her or its investment in a Borrower); (b) no claim against any Non-Recourse Person may be made for any obligation of any Registrant or any Borrower under this Agreement or any other Loan Document or any other instrument or document delivered pursuant hereto or thereto, whether for payment of principal of, or interest on, the Loans or for any fees, expense, or other amounts payable by any Registrant or any Borrower hereunder or thereunder, or otherwise; and (c) the obligations of each Borrower under this Agreement or any other Loan Document or any other instrument or document delivered pursuant hereto or thereto are enforceable solely against such Borrower and its properties and assets.
9.16 Integration. This Agreement and the other Loan Documents represent the entire agreement of each Registrant, on its own behalf and on behalf of the series thereof which are Borrowers, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents.
9.17 USA PATRIOT Act. Each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the Act), it is required to obtain, verify and record information that identifies the Borrowers, which information includes the name and address of the Borrowers and other information that will allow such Lender to identify the Borrowers in accordance with the Act. The Borrowers will provide such information promptly upon the request of such Lender.
9.18 Net Asset Value. This Facility is not designed or intended to maintain a stable net asset value or share price of any Fund or Borrower, and may not be relied upon or utilized by any Fund or Borrower for such purpose.
9.19 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and
(b) the effects of any Bail-In Action on any such liability, including, if applicable:
(i) a reduction in full or in part or cancellation of any such liability;
68
(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority.
9.20 Mauritius Subsidiaries. Notwithstanding anything to the contrary herein, each Mauritius Parent Borrower makes the additional representations and warranties, agrees to the additional covenants and is subject to the additional events of default, in each case, as set forth in Schedule 9.20 hereto.
9.21 Lender Representation. Each Lender hereby represents and warrants to the Borrowers that it is a Bank (as defined in the 1940 Act). Each Lender will promptly notify the Borrowers and the Administrative Agent if it is no longer a Bank (as defined in the 1940 Act).
[The remainder of this page intentionally left blank; signature pages follow.]
69
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first written above.
JPMORGAN CHASE BANK, N.A., | ||
as Administrative Agent and as a Lender | ||
By: |
/s/ Kenise Henry Larmond |
|
Name: Kenise Henry Larmond | ||
Title: Vice President |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
Accepted and agreed to as of
the date first above written:
Each of the Registrants listed on Schedule I for which Columbia Management Investment Advisers, LLC acts as investment manager, on behalf of itself and each of its underlying series set forth beneath its name on Schedule I
By: |
/s/ Joseph Beranek |
|||
Name: | Joseph Beranek | |||
Title*: | Treasurer and Chief Accounting Officer/Assistant Treasurer |
*(The above-signed officer holds this office with each of the Registrants for which Columbia Management Investment Advisers, LLC acts as investment manager)
Each of the Registrants listed on Schedule I for which Columbia Wanger Asset Management, LLC acts as investment manager, on behalf of itself and each of its underlying series set forth beneath its name on Schedule I
By: |
/s/ John Kunka |
|||
Name: | John Kunka | |||
Title*: | Vice President, Treasurer and Principal Accounting and Financial Offcier |
*(The above-signed officer holds this office with each of the Registrants for which Columbia Wanger Asset Management, LLC acts as investment manager)
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
CITIBANK, N.A. | ||||
By: |
/s/ Maureen Maroney |
|||
Name: | Maureen Maroney | |||
Title: | Vice President |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
HSBC BANK USA, N.A. | ||||
By: |
/s/ Courtney Wright |
|||
Name: | Courtney Wright | |||
Title: | Director |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
WELLS FARGO BANK, N.A. | ||||
By: |
/s/ Jocelyn Boll |
|||
Name: | Jocelyn Boll | |||
Title: | Managing Director |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
U.S. BANK NATIONAL ASSOCIATION | ||||
By: |
/s/ Christopher Balderston |
|||
Name: | Christopher Balderston | |||
Title: | Officer |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
THE BANK OF NEW YORK MELLON | ||||
By: |
/s/ Kenneth P. Sneider, Jr. |
|||
Name: | Kenneth P. Sneider, Jr. | |||
Title: | Director |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
BANK OF AMERICA, N.A. | ||||
By: |
/s/ Matthew C. White |
|||
Name: | Matthew C. White | |||
Title: | Director |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
BANK OF MONTREAL, CHICAGO BRANCH | ||||
By: |
/s/ Amy Prager |
|||
Name: | Amy Prager | |||
Title: | Director |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
BNP PARIBAS NEW YORK BRANCH | ||||
By: |
/s/ Hampton Smith |
|||
Name: | Hampton Smith | |||
Title: | Managing Director | |||
By: |
/s/ Marguerite L. Lebon |
|||
Name: | Marguerite L. Lebon | |||
Title: | Vice President |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
CREDIT SUISSE AG, NY BRANCH | ||||
By: |
/s/ Doreen Barr |
|||
Name: | Doreen Barr | |||
Title: | Authorized Signatory | |||
By: |
/s/ Komal Shah |
|||
Name: | Komal Shah | |||
Title: | Authorized Signatory |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
MORGAN STANLEY BANK, N.A. | ||||
By: |
/s/ Michael King |
|||
Name: | Michael King | |||
Title: | Authorized Signatory |
COLUMBIA FUNDS 2020
AMENDED AND RESTATED CREDIT AGREEMENT
SIGNATURE PAGE
GOLDMAN SACHS BANK USA | ||||
By: |
/s/ Ryan Durkin |
|||
Name: | Ryan Durkin | |||
Title: | Authorized Signatory |
SCHEDULE I
REGISTRANTS & BORROWERS3
Columbia Funds Series Trust II
Columbia Capital Allocation Aggressive Portfolio
Columbia Capital Allocation Conservative Portfolio
Columbia Capital Allocation Moderate Portfolio
Columbia Commodity Strategy Fund
Columbia Disciplined Core Fund
Columbia Disciplined Growth Fund
Columbia Disciplined Value Fund
Columbia Dividend Opportunity Fund
Columbia Emerging Markets Bond Fund
Columbia Flexible Capital Income Fund
Columbia Floating Rate Fund
Columbia Global Equity Value Fund
Columbia Global Opportunities Fund
Columbia Government Money Market Fund
Columbia High Yield Bond Fund
Columbia Income Builder Fund
Columbia Income Opportunities Fund
Columbia Large Cap Value Fund
Columbia Limited Duration Credit Fund
Columbia Minnesota Tax-Exempt Fund
Columbia Mortgage Opportunities Fund
Columbia Overseas Core Fund
Columbia Quality Income Fund
Columbia Select Global Equity Fund
Columbia Select Large Cap Value Fund
Columbia Select Small Cap Value Fund
Columbia Seligman Communications and Information Fund
Columbia Seligman Global Technology Fund
Columbia Short-Term Cash Fund
Columbia Strategic Municipal Income Fund
Multi-Manager Value Strategies Fund
Columbia Funds Variable Series Trust II
Columbia Variable Portfolio Balanced Fund
Columbia Variable Portfolio Commodity Strategy Fund
Columbia Variable Portfolio Core Equity Fund
Columbia Variable Portfolio Disciplined Core Fund
Columbia Variable Portfolio Dividend Opportunity Fund
Columbia Variable Portfolio Emerging Markets Bond Fund
Columbia Variable Portfolio Emerging Markets Fund
3 |
Registrants, including Registrants that are also Borrowers, are designated in bold type face; each Borrower that is a series is listed below the name of the Registrant that acts on such Borrowers behalf. |
Columbia Variable Portfolio Global Strategic Income Fund (f/k/a Columbia Variable PortfolioGlobal Bond Fund)
Columbia Variable Portfolio Government Money Market Fund
Columbia Variable Portfolio High Yield Bond Fund
Columbia Variable Portfolio Income Opportunities Fund
Columbia Variable Portfolio Intermediate Bond Fund
Columbia Variable Portfolio Large Cap Growth Fund
Columbia Variable Portfolio Large Cap Index Fund
Columbia Variable Portfolio Limited Duration Credit Fund
Columbia Variable Portfolio Mid Cap Growth Fund
Columbia Variable Portfolio Overseas Core Fund
Columbia Variable Portfolio Select Large Cap Equity Fund
Columbia Variable Portfolio Select Large Cap Value Fund
Columbia Variable Portfolio Select Mid Cap Value Fund
Columbia Variable Portfolio Select Small Cap Value Fund
Columbia Variable Portfolio Seligman Global Technology Fund
Columbia Variable Portfolio U.S. Government Mortgage Fund
CTIVP American Century Diversified Bond Fund
CTIVP BlackRock Global Inflation-Protected Securities Fund
CTIVP CenterSquare Real Estate Fund
CTIVP Loomis Sayles Growth Fund
CTIVP Los Angeles Capital Large Cap Growth Fund
CTIVP MFS Value Fund
CTIVP Morgan Stanley Advantage Fund
CTIVP T. Rowe Price Large Cap Value Fund
CTIVP TCW Core Plus Bond Fund
CTIVP Victory Sycamore Established Value Fund
CTIVP Wells Fargo Short Duration Government Fund
CTIVP Westfield Mid Cap Growth Fund
Variable Portfolio Aggressive Portfolio
Variable Portfolio Conservative Portfolio
Variable Portfolio Managed Volatility Moderate Growth Fund
Variable Portfolio Moderate Portfolio
Variable Portfolio Moderately Aggressive Portfolio
Variable Portfolio Moderately Conservative Portfolio
Variable Portfolio Partners Core Bond Fund
Variable Portfolio Partners Core Equity Fund
Variable Portfolio Partners International Core Equity Fund (f/k/a CTIVP AQR International Core Equity Fund)
Variable Portfolio Partners International Growth Fund (f/k/a CTIVP William Blair International Leaders Fund)
Variable Portfolio Partners International Value Fund (f/k/a CTIVP DFA International Value Fund)
Variable Portfolio Partners Small Cap Growth Fund
Variable Portfolio Partners Small Cap Value Fund
Columbia Funds Series Trust
Columbia California Intermediate Municipal Bond Fund
Columbia Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Columbia Convertible Securities Fund
Columbia Georgia Intermediate Municipal Bond Fund
Columbia Large Cap Enhanced Core Fund
Columbia Large Cap Growth Opportunity Fund (f/k/a Columbia Large Cap Growth Fund III)
Columbia Large Cap Index Fund
Columbia Maryland Intermediate Municipal Bond Fund
Columbia Mid Cap Index Fund
Columbia North Carolina Intermediate Municipal Bond Fund
Columbia Overseas Value Fund
Columbia Select Large Cap Equity Fund
Columbia Select Mid Cap Value Fund
Columbia Short Term Bond Fund
Columbia Short Term Municipal Bond Fund
Columbia Small Cap Index Fund
Columbia Small Cap Value Fund II
Columbia South Carolina Intermediate Municipal Bond Fund
Columbia Virginia Intermediate Municipal Bond Fund
Columbia Funds Series Trust I
CMG Ultra Short Term Bond Fund
Columbia Adaptive Retirement 2020 Fund
Columbia Adaptive Retirement 2025 Fund
Columbia Adaptive Retirement 2030 Fund
Columbia Adaptive Retirement 2035 Fund
Columbia Adaptive Retirement 2040 Fund
Columbia Adaptive Retirement 2045 Fund
Columbia Adaptive Retirement 2050 Fund
Columbia Adaptive Retirement 2055 Fund
Columbia Adaptive Retirement 2060 Fund
Columbia Adaptive Risk Allocation Fund
Columbia Balanced Fund
Columbia Bond Fund
Columbia Connecticut Intermediate Municipal Bond Fund
Columbia Contrarian Core Fund
Columbia Corporate Income Fund
Columbia Dividend Income Fund
Columbia Emerging Markets Fund
Columbia Global Technology Growth Fund
Columbia Greater China Fund
Columbia High Yield Municipal Fund
Columbia Intermediate Municipal Bond Fund
Columbia International Dividend Income Fund (f/k/a Columbia Global Dividend Opportunity Fund)
Columbia Large Cap Growth Fund
Columbia Massachusetts Intermediate Municipal Bond Fund
Columbia Mid Cap Growth Fund
Columbia Multi Strategy Alternatives Fund
Columbia Multi-Asset Income Fund
Columbia New York Intermediate Municipal Bond Fund
Columbia Oregon Intermediate Municipal Bond Fund
Columbia Pacific/Asia Fund
Columbia Real Estate Equity Fund
Columbia Select Large Cap Growth Fund
Columbia Small Cap Growth Fund I
Columbia Small Cap Value Fund I
Columbia Solutions Aggressive Portfolio
Columbia Solutions Conservative Portfolio
Columbia Strategic California Municipal Income Fund
Columbia Strategic Income Fund
Columbia Strategic New York Municipal Income Fund
Columbia Tax-Exempt Fund
Columbia Total Return Bond Fund
Columbia U.S. Social Bond Fund
Columbia U.S. Treasury Index Fund
Multi-Manager Alternative Strategies Fund
Multi-Manager Directional Alternative Strategies Fund
Multi-Manager Growth Strategies Fund
Multi-Manager International Equity Strategies Fund
Multi-Manager Small Cap Equity Strategies Fund
Multi-Manager Total Return Bond Strategies Fund
Multisector Bond SMA Completion Portfolio
Overseas SMA Completion Portfolio
Columbia Funds Variable Insurance Trust
Columbia Variable Portfolio Contrarian Core Fund
Columbia Variable Portfolio Long Government/Credit Bond Fund
Columbia Variable Portfolio Small Cap Value Fund
Columbia Variable Portfolio Small Company Growth Fund
Columbia Variable Portfolio Strategic Income Fund
Variable Portfolio Managed Risk Fund
Variable Portfolio Managed Risk U.S. Fund
Variable Portfolio Managed Volatility Conservative Fund
Variable Portfolio Managed Volatility Conservative Growth Fund
Variable Portfolio Managed Volatility Growth Fund
Variable Portfolio U.S. Flexible Conservative Growth Fund
Variable Portfolio U.S. Flexible Growth Fund
Variable Portfolio U.S. Flexible Moderate Growth Fund
CTIVP Lazard International Equity Advantage Fund
Columbia ETF Trust I
Columbia Diversified Fixed Income Allocation ETF
Columbia Multi-Sector Municipal Income ETF
Columbia Research Enhanced Core ETF
Columbia Research Enhanced Value ETF
Columbia Sustainable International Equity Income ETF
Columbia Sustainable U.S. Equity Income ETF
Columbia ETF Trust II
Columbia EM Core ex-China ETF
Columbia Emerging Markets Consumer ETF
Columbia India Consumer ETF
Columbia Acorn Trust
Columbia Acorn European Fund
Columbia Acorn Fund
Columbia Acorn International
Columbia Acorn International Select
Columbia Acorn USA
Columbia Thermostat Fund
Wanger Advisors Trust
Wanger International
Wanger Select
Wanger USA
SCHEDULE Ia
SCHEDULE LISTING DESIGNATED BORROWERS,
DESIGNATED PERCENTAGES
AND PRO RATA ALLOCATIONS OMITTED
SCHEDULE II
LISTING COMMITMENTS OMITTED
SCHEDULE III
LIST OF INVESTMENT MANAGEMENT AGREEMENTS
Amended and Restated Management Agreement dated as of October 25, 2015, between Columbia Management Investment Advisers, LLC and Columbia Funds Series Trust I and Columbia Funds Variable Insurance Trust on behalf of their underlying series listed in Schedule A thereto, Schedules A and B last amended on August 7, 2019
Amended and Restated Management Agreement dated as of April 25, 2016, between Columbia Management Investment Advisers, LLC and Columbia Funds Series Trust I and Columbia Funds Variable Insurance Trust on behalf of their underlying series listed in Schedule A thereto, Schedules A and B last amended July 8, 2020
Amended and Restated Management Agreement dated as of April 25, 2016, between Columbia Management Investment Advisers, LLC and Columbia Funds Series Trust II, Columbia Funds Variable Series Trust II, and Columbia Funds Series Trust on behalf of their underlying series listed in Schedule A thereto, Schedules A and B last amended July 8, 2020
Investment Management Services Agreement as of April 19, 2016, between Columbia Management Investment Advisers, LLC and Columbia ETF Trust I on behalf of their underlying series listed in Schedule A thereto, Schedule A last amended June 19, 2019
Amended and Restated Management Agreement dated as of November 15, 2017, between Columbia Management Investment Advisers, LLC and Columbia Funds Series Trust II, Columbia Funds Variable Series Trust II, and Columbia Funds Series Trust on behalf of their underlying series listed in Schedule A thereto, Schedules A and B last amended July 1, 2020
Investment Management Services Agreement as of September 1, 2016, between Columbia Management Investment Advisers, LLC and Columbia ETF Trust II on behalf of their underlying series listed in Schedule A thereto, Schedule A last amended June 21, 2019
Investment Advisory Agreement between Columbia Acorn Trust and Columbia Wanger Asset Management, LLC, dated May 27, 2010, Schedules I and II last amended June 8, 2011 Investment Advisory Agreement between Wanger Advisors Trust and Columbia Wanger Asset Management, LLC, dated May 27, 2010
SCHEDULE IV
LIST OF CUSTODY AGREEMENTS
Second Amended and Restated Master Global Custody Agreement, dated as of March 7, 2011, between JPMorgan Chase Bank, N.A. and the Columbia Funds.
Custody Agreement among JPMorgan Chase Bank, N.A., Columbia Acorn Trust and Wanger Advisors Trust dated December 15, 2010, effective July 22, 2011, with Addendums dated July 14, 2011.
Custody Agreement, dated as of January 18, 2019, between The Bank of New York Mellon and the underlying funds of Columbia ETF Trust I and Columbia ETF Trust II, with Schedule I last amended March 25, 2020.
Foreign Custody Master Agreement, dated as of January 18, 2019, between The Bank of New York Mellon and the underlying funds of Columbia ETF Trust I and Columbia ETF Trust I, with Schedule I last amended March 25, 2020.
SCHEDULE V
LIST OF PRIME BROKER AGREEMENTS
Institutional Account Agreement, dated as of April 18, 2012, between Active Portfolios Multi-Manager Alternative Strategies Fund (now known as Multi-Manager Alternative Strategies Fund), a series of Columbia Funds Series Trust I and J.P. Morgan Clearing Corp., J.P. Morgan Securities LLC and certain of their affiliates.
Institutional Account Agreement, dated as of September 29, 2016, between Active Portfolios Multi-Manager Directional Alternatives Fund (now known as Multi-Manager Directional Alternative Strategies Fund), a series of Columbia Funds Series Trust I and J.P. Morgan Clearing Corp., J.P. Morgan Securities LLC and certain of their affiliates.
Customer Prime Broker Account Agreement, dated as of September 29, 2016, between Active Portfolios Multi-Manager Directional Alternative Fund (now known as Multi-Manager Directional Alternatives Strategies Fund), a series of Columbia Funds Series Trust I and Morgan Stanley and Co. LLC.
Institutional Account Agreement, dated as of September 15, 2017, between Columbia Global Opportunities Fund, a series of Columbia Funds Series Trust II and J.P. Morgan Securities LLC and certain of its affiliates.
Customer Prime Broker Account Agreement, dated as of April 23, 2012, between Active Portfolio Multi-Manager Alternative Strategies Fund (now known as Multi-Manager Alternative Strategies Fund), a series of Columbia Funds Series Trust I and Goldman, Sachs & Co.
SCHEDULE 5.1
Web Addresses For Annual, Semi-Annual and Quarterly Reports
https://www.columbiathreadneedleus.com/investor/resources/literature/
http://www.columbiathreadneedleetf.com/
http://www.sec.gov
SCHEDULE 9.20
REPRESENTATIONS, COVENANTS AND EVENTS OF DEFAULT
APPLICABLE TO BORROWERS WITH MAURITIUS SUBSIDIARIES
1. In order to induce the Lenders and the Administrative Agent to enter into this Agreement and to make Loans hereunder, in addition to the representations and warranties set forth in Section 3, each Mauritius Parent Borrower represents and warrants to the Administrative Agent and each Lender as follows:
(a) Existence. Such Mauritius Parent Borrowers Mauritius Designated Subsidiary is duly organized, validly existing and in good standing under the laws of the Republic of Mauritius. Such Mauritius Designated Subsidiary is duly qualified to do business and in good standing in each other jurisdiction in which such qualification is required by applicable law, except to the extent the failure to be so qualified or in good standing could not have a Material Adverse Effect on such Mauritius Parent Borrower.
(b) Ownership. Such Mauritius Parent Borrower has no Subsidiaries or any equity investment or interest in any other Person other than (i) portfolio securities that have been acquired in the ordinary course of business, and (ii) its Mauritius Designated Subsidiary(ies). Such Mauritius Parent Borrower holds all of the issued and outstanding shares of stock of its Mauritius Designated Subsidiary(ies) and such shares are not subject to any Lien, pledge or other encumbrance except as may be permitted by Section 6.3.
2. Until the expiration or termination of the Commitments and until all obligations of the Borrowers under the Loan Documents have been paid or performed in full, in addition to the covenants set forth in Sections 5 and 6, each Mauritius Parent Borrower shall perform the following obligations:
(a) [Reserved].
(b) Existence. Such Mauritius Parent Borrower shall (i) maintain and preserve its Mauritius Designated Subsidiarys existence and good standing in the Republic of Mauritius and, except to the extent the failure to be so qualified or in good standing could not have a Material Adverse Effect on such Mauritius Parent Borrower, its qualification to do business and good standing in each other jurisdiction in which such qualification is required by applicable law, and (ii) maintain and preserve all rights, privileges, licenses, copyrights, trademarks, trade names, franchises and other authority of such Mauritius Designated Subsidiary to the extent material and necessary for the conduct of such Mauritius Designated Subsidiarys business in the ordinary course, unless the failure to so maintain and preserve could not reasonably be expected to have a Material Adverse Effect on such Mauritius Parent Borrower. Notwithstanding the foregoing provisions of this Schedule 9.20 and Section 6.5 of the Agreement, a Mauritius Designated Subsidiary shall, without the consent of the Lenders, be permitted to liquidate, wind up or dissolve; provided that (i) the net asset value of such Mauritius Designated Subsidiary does not exceed 1% of the total net asset value of the relevant Mauritius Parent Borrower, and (ii) the Mauritius Parent Borrower parent to such Mauritius Designated Subsidiary shall deliver to the Administrative Agent notice of such dissolution promptly following the effectiveness thereof.
(c) Asset Coverage Ratio. Such Borrower shall at all times maintain an Asset Coverage Ratio of its Designated Borrower Asset Coverage Ratio Percentage or such other more restrictive ratio as may be set forth in the most recent Prospectus or most recent SAI (if applicable) to such Mauritius Parent Borrower.
(d) Compliance With Laws. Such Mauritius Parent Borrower will cause its Mauritius Designated Subsidiary to comply in all respects with all applicable laws, ordinances, rules, regulations and requirements of governmental authorities and the exchange on which its shares are traded, if any, except where (a) the necessity of compliance therewith is contested in good faith by appropriate proceedings, (b) exemptive relief has been obtained therefrom and remains in effect or (c) the violation thereof could not reasonably be expected to have a Material Adverse Effect on such Mauritius Designated Subsidiary or such Mauritius Parent Borrower. Such Mauritius Parent Borrower will cause its Mauritius Designated Subsidiary to file or cause to be filed all federal and other tax returns, reports and declarations required by all relevant jurisdictions on or before the due dates for such returns, reports and declarations and will pay all taxes and other governmental assessments and charges as and when they become due (except those that are being contested in good faith by such Mauritius Designated Subsidiary and as to which such Mauritius Designated Subsidiary has established appropriate reserves on its books and records or where the failure to file any such return or report or the nonpayment of any such taxes or charges could not reasonably be expected to have a Material Adverse Effect on such Mauritius Parent Borrower).
(e) Ownership. Such Mauritius Parent Borrower will own one hundred percent (100%) of the Equity Interests of its Mauritius Designated Subsidiary. For purposes of this clause (e), Equity Interests shall mean all shares, rights to purchase, options, warrants, general, limited or limited liability partnership interests, member interests, participation or other equivalents of or interest in (regardless of how designated) equity of such Mauritius Designated Subsidiary, whether voting or nonvoting, including, without limitation, common stock, preferred stock, convertible securities or any other equity security in such Mauritius Designated Subsidiary.
(f) Distributions from Subsidiary. Such Mauritius Parent Borrower will not cause or permit its Mauritius Designated Subsidiarys organizational documents or any instrument, agreement or document executed by or on behalf of its Mauritius Designated Subsidiary or such Mauritius Parent Borrower, or by which such Mauritius Designated Subsidiary or such Mauritius Parent Borrower is bound, to contain any restriction on such Mauritius Designated Subsidiarys right or ability to make dividends, distributions or loans of any kind, or otherwise to transfer any assets or funds from such Subsidiary, to such Mauritius Parent Borrower, other than, in the case of any organizational documents, restrictions required by applicable law.
(g) Limitation on Indebtedness. At any time during which such Mauritius Parent Borrower has any Loan outstanding, such Mauritius Parent Borrower will not cause or permit its Mauritius Designated Subsidiary to create, incur, assume or suffer to exist any Indebtedness constituting Senior Securities in an amount exceeding 10% of such Mauritius Designated Subsidiarys net asset value.
3. In addition to the Events of Default set forth in Section 7 each of the following shall constitute an Event of Default with respect to each Mauritius Parent Borrower:
(a) Such Mauritius Parent Borrower shall default in the performance of its agreements under (i) Section 2(e) or 2(g) of this Schedule 9.20, (ii) Section 2(c) of this Schedule 9.20, and, in the case of Section 2(c), such default is not cured within three (3) Business Days or (iii) Section 2(b)(i) of this Schedule 9.20, and, in the case of Section 2(b)(i), such default is not cured within five (5) Business Days.
EXHIBIT 2.5(e)
FORM OF NOTE
New York, New York
$ | , 20 |
FOR VALUE RECEIVED, [Registrant], on behalf of [Borrower] (the Borrower), hereby unconditionally promises to pay to the order of __________________________, at the office of JPMORGAN CHASE BANK, N.A. as administrative agent for the Lenders (the Lenders) under the Credit Agreement, as hereinafter defined (in such capacity, the Administrative Agent), in lawful money of the United States of America and in immediately available funds, on each Maturity Date the principal amount of (a)__________ DOLLARS ($______________), or, if less (b) the aggregate unpaid principal amount of all Loans made by the holder of this Note to the Borrower pursuant to Sections 2.1, 2.14 and 2.15 of the Credit Agreement, as hereinafter defined.
The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time from the Closing Date at the applicable rates per annum set forth in Section 2.7 of the Credit Agreement referred to below until any such amount shall become due and payable (whether at the stated maturity, by acceleration or otherwise), and thereafter on such overdue amount at the rate per annum set forth in Section 2.7(b) of the Credit Agreement until paid in full (both before and after judgment). Interest shall be payable in arrears on each applicable Interest Payment Date, commencing on the first such date to occur after the date hereof and terminating upon payment (including prepayment) in full of the unpaid principal amount hereof; provided that interest accruing on any overdue amount shall be payable on demand.
The holder of this Note is authorized to endorse on the schedule annexed hereto and made a part hereof the date and amount of each Loan made to the Borrower pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof. Each such endorsement shall constitute prima facie evidence of the accuracy of the information endorsed. The failure to make any such endorsement shall not affect the obligations of the Borrower in respect of such Loan.
This Note (a) is one of the Notes referred to in the Amended and Restated Credit Agreement, dated as of December 1, 2020 (as amended, supplemented or otherwise modified from time to time, the Credit Agreement), among the Registrants identified therein on behalf of the Borrowers, the Lenders, the syndication agents party thereto and the Administrative Agent, (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement.
Upon the occurrence of one or more Events of Default, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement.
All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK.
[NAME OF REGISTRANT] | ||
By: |
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Name: | ||
Title: |
Schedule A to Note
LOANS AND REPAYMENTS OF LOANS
DATE |
AMOUNT OF LOANS |
AMOUNT OF PRINCIPAL OF LOANS REPAID |
UNPAID PRINCIPAL BALANCE OF LOANS |
NOTATION MADE BY |
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EXHIBIT 2.16(a)
FORM OF DESIGNATION OF NEW BORROWERS
_________ __, [ ] |
JPMORGAN CHASE BANK, N.A., as Administrative Agent
Each of the Lenders under the
Credit Agreement identified below
Ladies and Gentlemen:
Reference is made to that certain Amended and Restated Credit Agreement, dated as of December 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the Agreement) among (i) certain registered investment companies (each, a Registrant, and collectively, the Registrants), each of which on behalf of certain of its respective series set forth beneath such Registrants name on Schedule [ ] thereto (each of which series is, individually, a Borrower and, collectively, the Borrowers), (ii) the several banks and other financial institutions from time to time parties thereto (the Lenders), and (iii) JPMorgan Chase Bank, N.A., a national banking association, as administrative agent and as documentation agent for the Lenders thereunder (in such capacity, the Administrative Agent). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
The undersigned Registrant or new registered investment company (each, a Requesting Registrant), on behalf of the series set forth beneath its name (each such series a New Borrower), hereby requests that each New Borrower be admitted as an additional Borrower under the Agreement.
The Requesting Registrant and each New Borrower hereby represent and warrant to the Administrative Agent and each Lender that as of [ ] and after giving effect to the admission of each New Borrower as an additional Borrower under the Agreement: (i) the representations and warranties set forth in Section 3 of the Agreement are true and correct with respect to it; (ii) it is in compliance in all material respects with all the terms and provisions set forth in the Agreement; (iii) no Default or Event of Default with respect to it has occurred and is continuing.
Each New Borrower agrees to be bound by the terms and conditions of the Agreement in all respects as a Borrower thereunder and hereby assumes all of the obligations of a Borrower thereunder.
Please indicate your assent to the admission of each New Borrower as an additional Borrower under the Agreement by executing the [ ] dated as of the date hereof.
[SIGNATORIES]
EXHIBIT 9.6 (c)
FORM OF ASSIGNMENT AND ACCEPTANCE
Reference is made to the Amended and Restated Credit Agreement, dated as of December 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the Credit Agreement) among (i) certain registered investment companies (each, a Registrant, and collectively, the Registrants), each of which on behalf of certain of its respective series set forth beneath such Registrants name on Schedule [_] thereto (each of which series, is, individually, a Borrower and, collectively, the Borrowers), (ii) the several banks and other financial institutions from time to time parties thereto (the Lenders), and (iii) JPMorgan Chase Bank, N.A., a national banking association, as administrative agent and as documentation agent for the Lenders thereunder (in such capacity, the Administrative Agent). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
(the Assignor) and (the Assignee) agree as follows:
1. The Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases and assumes from the Assignor without recourse to the Assignor, as of the Effective Date (as defined below) the interest described in Schedule 1 hereto (the Assigned Interest) in and to the Assignors rights and obligations under the Credit Agreement.
2. The Assignor (a) makes no representation or warranty and assumes no responsibility with respect to or in any connection with the Credit Agreement or with respect to the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto, other than that the Assignor has not created any adverse claim upon the interest being assigned by it hereunder and that such interest is free and clear of any such adverse claim; (b) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower or any other obligor or the performance or observance by any Borrower or any other obligor of any of their respective obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; and (c) attaches any Notes held by it evidencing the Assigned Interest and (i) requests that the Administrative Agent, upon request by the Assignee, exchange the attached Notes for a new Note or Notes payable to the Assignee and (ii) if the Assignor has retained any interest in the Assigned Interest, requests that the Administrative Agent exchange the attached Notes for a new Note or Notes payable to the Assignor, in each case in amounts which reflect the assignment being made hereby (and after giving effect to any other assignments which have become effective on the Effective Date).
3. The Assignee (a) represents and warrants that it is legally authorized to enter into this Assignment and Acceptance; (b) confirms that it has received a copy of the Credit Agreement, together with copies of such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (c) agrees that it will, independently and without reliance upon the Assignor, the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender including, if it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 2.11(b) of the Credit Agreement.
4. The effective date of this Assignment and Acceptance shall be _________ (the Effective Date). Following the execution of this Assignment and Acceptance, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Credit Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five Business Days after the date of such acceptance and recording by the Administrative Agent).
5. Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to the Effective Date or accrue subsequent to the Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves.
6. From and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and under the other Loan Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights (except under Sections 2.10, 2.11 and 9.5 of the Credit Agreement in respect of the period prior to the Effective Date) be released from its obligations under the Credit Agreement.
7. This Assignment and Acceptance shall be governed by and construed in accordance with the substantive laws of the State of New York.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be executed as of the date first above written by their respective duly authorized officers.
SCHEDULE 1 TO ASSIGNMENT AND ACCEPTANCE
RELATING TO THE AMENDED AND RESTATED CREDIT AGREEMENT
DATED AS OF DECEMBER 1, 2020
Name of Assignor:
Name of Assignee:
Effective Date of Assignment:
Principal Amount Assigned |
Commitment Percentage Assigned1 |
|
$________ | $________ |
1 |
Calculate the Commitment Percentage that is assigned to at least 15 decimal places and show as a percentage of the aggregate commitments of all Lenders. |
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A of Columbia Funds Series Trust II of our report dated October 23, 2020, relating to the financial statements and financial highlights, which appear in the Annual Report on Form N- CSR of Columbia Emerging Markets Bond Fund for the year ended August 31, 2020. We also consent to the references to us under the headings Financial Highlights, Independent Registered Public Accounting Firm and Organization and Management of Wholly-Owned Subsidiaries in such Registration Statement.
/s/PricewaterhouseCoopers LLP
Minneapolis, Minnesota
December 22, 2020